Is Coon Rapids, 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, 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
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Coon Rapids have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Coon Rapids was $325,000 in March 2024, up 4.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $239.9K | $247K | +3.0% |
| 3 Bedrooms | $305K | $320K | +4.9% |
| 4 Bedrooms | $350K | $356K | +1.7% |
| 5+ Bedrooms | $380K | $398K | +4.7% |
Summary: Coon Rapids 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 3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Coon Rapids | $309.9K | $325K | +4.8% |
| Fridley | $305.5K | $315K | +3.1% |
| Brooklyn Park | $332K | $336.5K | +1.4% |
| Blaine | $370.8K | $375K | +1.1% |
| Anoka | $354.9K | $358.1K | +0.9% |
Housing Supply in Coon Rapids, MN
How many homes are available in Coon Rapids, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 146 | 170 | +16.4% |
Summary: The Coon Rapids real estate market had 170 homes for sale in March 2024, a 16.4% 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 | 37 | 42 | +13.5% |
| 3 Bedrooms | 52 | 72 | +38.5% |
| 4 Bedrooms | 51 | 49 | -3.9% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Coon Rapids 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 13.5%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coon Rapids, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Coon Rapids in March 2024, down by 14.0% month-over-month. Of the 43 sold homes, 19% were sold under asking, 23% were sold at asking, and 58% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 29 Days | +18.4% |
Summary: Homes in Coon Rapids had an average of 29 days on market in Mar 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coon Rapids are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in Coon Rapids; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
