$4,571 Closing Credit*
$384,900
1,940 SqFt
4 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Champlin, 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, Champlin has remained a Seller's Market.
Key Takeaway
Champlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Champlin, MN
How much do homes in Champlin, MN cost?
Median Sold Price
$364,900
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$100(0%)
Key Takeaway
The sold price of homes in Champlin has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.5K | - | N/A |
| 2 Bedrooms | $258.5K | $268K | +3.7% |
| 3 Bedrooms | $338.4K | $343.1K | +1.4% |
| 4 Bedrooms | $390K | $395K | +1.3% |
| 5+ Bedrooms | $607.5K | $477.5K | -21.4% |
Summary: Champlin housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Dayton | $466.4K | $499.6K | +7.1% |
| Coon Rapids | $314.9K | $325K | +3.2% |
| Brooklyn Park | $335K | $338.1K | +0.9% |
| Champlin | $365K | $364.9K | 0% |
| Anoka | $361.3K | $359.5K | -0.5% |
Housing Supply in Champlin, MN
How many homes are available in Champlin, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 87 | 84 | -3.4% |
Summary: The Champlin real estate market had 84 homes for sale in September 2024, a 3.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 38 | 26 | -31.6% |
| 5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Champlin housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 34 | 23 | -32.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Champlin, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Champlin in September 2024, down by 32.4% month-over-month. Of the 23 sold homes, 26% were sold under asking, 43% were sold at asking, and 30% were sold over asking.
Days on Market for Champlin, MN
How long does it take to sell a home in Champlin, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 26 Days | 20 Days | -24.1% |
Summary: Homes in Champlin had an average of 20 days on market in Sep 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Champlin are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 23 homes were sold in Champlin; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
