$2,078 Closing Credit*
$175,000
980 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Wits Realty
Is Coon Rapids, 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, Coon Rapids has remained a Seller's Market.
Key Takeaway
Coon Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coon Rapids, MN
How much do homes in Coon Rapids, MN cost?
Median Sold Price
$325,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$10,006(+3.2%)
Key Takeaway
Homes in Coon Rapids have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Coon Rapids was $325,000 in September 2024, up 3.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $148K | +18.4% |
| 2 Bedrooms | $239.9K | $250K | +4.2% |
| 3 Bedrooms | $311.9K | $316K | +1.3% |
| 4 Bedrooms | $350K | $364.4K | +4.1% |
| 5+ Bedrooms | $402.7K | $389K | -3.4% |
Summary: Coon Rapids housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Coon Rapids | $314.9K | $325K | +3.2% |
| Blaine | $371K | $381K | +2.7% |
| Fridley | $310K | $315.5K | +1.8% |
| Brooklyn Park | $335K | $338.1K | +0.9% |
| Anoka | $361.3K | $359.5K | -0.5% |
Housing Supply in Coon Rapids, MN
How many homes are available in Coon Rapids, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 200 | 216 | +8.0% |
Summary: The Coon Rapids real estate market had 216 homes for sale in September 2024, a 8.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 48 | 55 | +14.6% |
| 3 Bedrooms | 77 | 79 | +2.6% |
| 4 Bedrooms | 56 | 61 | +8.9% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Coon Rapids housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 63 | 67 | +6.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coon Rapids, you could pay more than the asking price. 55.2% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Coon Rapids in September 2024, up by 6.3% month-over-month. Of the 67 sold homes, 24% were sold under asking, 21% were sold at asking, and 55% were sold over asking.
Days on Market for Coon Rapids, MN
How long does it take to sell a home in Coon Rapids, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +5.3% |
Summary: Homes in Coon Rapids had an average of 18 days on market in Sep 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coon Rapids are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 67 homes were sold in Coon Rapids; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
