Is Brooklyn Park, 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 Park has remained a Seller's Market.
Housing Prices in Brooklyn Park, MN
How much do homes in Brooklyn Park, MN cost?
Median Sold Price
$336,560
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brooklyn Park was $336,560 in March 2024, up 1.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73K | $69.4K | -4.9% |
2 Bedrooms | $219.5K | $225K | +2.5% |
3 Bedrooms | $325K | $324.9K | 0% |
4 Bedrooms | $365K | $368.7K | +1.0% |
5+ Bedrooms | $445K | $450K | +1.1% |
Summary: Brooklyn Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 2.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Osseo | $407.5K | $526K | +29.1% |
Coon Rapids | $309.9K | $325K | +4.8% |
Brooklyn Center | $278.2K | $290K | +4.2% |
Brooklyn Park | $332K | $336.5K | +1.4% |
Champlin | $366K | $367K | 0.3% |
Housing Supply in Brooklyn Park, MN
How many homes are available in Brooklyn Park, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
207 | 221 | +6.8% |
Summary: The Brooklyn Park real estate market had 221 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 14 | +16.7% |
2 Bedrooms | 41 | 48 | +17.1% |
3 Bedrooms | 69 | 66 | -4.3% |
4 Bedrooms | 57 | 66 | +15.8% |
5+ Bedrooms | 28 | 27 | -3.6% |
Summary: The Brooklyn Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 17.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 57 | -5.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Brooklyn Park in March 2024, down by 5.0% month-over-month. Of the 57 sold homes, 25% were sold under asking, 26% were sold at asking, and 49% were sold over asking.
Days on Market for Brooklyn Park, MN
How long does it take to sell a home in Brooklyn Park, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 40 Days | -37.8% |
Summary: Homes in Brooklyn Park had an average of 40 days on market in Mar 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 57 homes were sold in Brooklyn Park; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.