Is Champlin, 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, 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
$367,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Champlin has remained the same since last year.
Summary: The median home sold price in Champlin was $367,000 in March 2024, up 0.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $231.5K | N/A |
| 2 Bedrooms | $240K | $266K | +10.8% |
| 3 Bedrooms | $336.3K | $347.7K | +3.4% |
| 4 Bedrooms | $390K | $390K | 0.0% |
| 5+ Bedrooms | $660K | $532K | -19.4% |
Summary: Champlin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Coon Rapids | $309.9K | $325K | +4.8% |
| Brooklyn Park | $332K | $336.5K | +1.4% |
| Anoka | $354.9K | $358.1K | +0.9% |
| Champlin | $366K | $367K | 0.3% |
| Dayton | $491.4K | $460.4K | -6.3% |
Housing Supply in Champlin, MN
How many homes are available in Champlin, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 63 | +34.0% |
Summary: The Champlin real estate market had 63 homes for sale in March 2024, a 34.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Champlin 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 42.9%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Champlin, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Champlin in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 58 Days | +109.1% |
Summary: Homes in Champlin had an average of 58 days on market in Mar 2024, up by 109.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Champlin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Champlin; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
