$5,166 Closing Credit*
$435,000
2,364 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Advantage Plus
Is Burnsville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Burnsville has remained a Seller's Market.
Key Takeaway
Burnsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burnsville, MN
How much do homes in Burnsville, MN cost?
Median Sold Price
$369,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,000(+3.9%)
Key Takeaway
Homes in Burnsville have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Burnsville was $369,000 in September 2024, up 3.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.9K | $100K | +1.1% |
| 2 Bedrooms | $240K | $245K | +2.1% |
| 3 Bedrooms | $356.5K | $365K | +2.4% |
| 4 Bedrooms | $400K | $414K | +3.5% |
| 5+ Bedrooms | $433.7K | $440K | +1.4% |
Summary: Burnsville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Burnsville | $355K | $369K | +3.9% |
| Eagan | $365K | $377.3K | +3.4% |
| Lakeville | $474.3K | $489.9K | +3.3% |
| Apple Valley | $360K | $367K | +2.0% |
| Bloomington | $354.8K | $359.9K | +1.5% |
Housing Supply in Burnsville, MN
How many homes are available in Burnsville, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 226 | 227 | 0.4% |
Summary: The Burnsville real estate market had 227 homes for sale in September 2024, a 0.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 55 | 56 | +1.8% |
| 3 Bedrooms | 77 | 77 | 0.0% |
| 4 Bedrooms | 60 | 56 | -6.7% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Burnsville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 1.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 76 | 49 | -35.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnsville, you may be able to get a good deal. 49% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Burnsville in September 2024, down by 35.5% month-over-month. Of the 49 sold homes, 49% were sold under asking, 18% were sold at asking, and 33% were sold over asking.
Days on Market for Burnsville, MN
How long does it take to sell a home in Burnsville, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +42.8% |
Summary: Homes in Burnsville had an average of 26 days on market in Sep 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Burnsville are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 49 homes were sold in Burnsville; 63% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
