Is Brooklyn Center, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Brooklyn Center has remained a Seller's Market.
Key Takeaway
Brooklyn Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklyn Center, MN
How much do homes in Brooklyn Center, MN cost?
Median Sold Price
$290,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Brooklyn Center have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Brooklyn Center was $290,000 in March 2024, up 4.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.3K | $124.5K | +8.9% |
| 2 Bedrooms | $212.7K | $220.5K | +3.6% |
| 3 Bedrooms | $275K | $285K | +3.6% |
| 4 Bedrooms | $305K | $314.1K | +3.0% |
| 5+ Bedrooms | $349.9K | $337.5K | -3.5% |
Summary: Brooklyn Center housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Brooklyn Center | $278.2K | $290K | +4.2% |
| Fridley | $305.5K | $315K | +3.1% |
| Brooklyn Park | $332K | $336.5K | +1.4% |
| Robbinsdale | $308.2K | $311.5K | +1.1% |
| Crystal | $302.3K | $305K | +0.9% |
Housing Supply in Brooklyn Center, MN
How many homes are available in Brooklyn Center, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 98 | +19.5% |
Summary: The Brooklyn Center real estate market had 98 homes for sale in March 2024, a 19.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 16 | +45.5% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Brooklyn Center housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklyn Center, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Brooklyn Center in March 2024, up by 31.8% month-over-month. Of the 29 sold homes, 31% were sold under asking, 24% were sold at asking, and 45% were sold over asking.
Days on Market for Brooklyn Center, MN
How long does it take to sell a home in Brooklyn Center, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 36 Days | +10.1% |
Summary: Homes in Brooklyn Center had an average of 36 days on market in Mar 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brooklyn Center are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Brooklyn Center; 69% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
