Is Cottage Grove, 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, Cottage Grove has remained a Seller's Market.
Housing Prices in Cottage Grove, MN
How much do homes in Cottage Grove, MN cost?
Median Sold Price
$399,061
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cottage Grove was $399,061 in March 2024, up 0.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $333K | $182K | -45.3% |
2 Bedrooms | $259K | $272.5K | +5.2% |
3 Bedrooms | $371.5K | $369.9K | -0.4% |
4 Bedrooms | $464.9K | $440K | -5.4% |
5+ Bedrooms | $444.4K | $495.4K | +11.5% |
Summary: Cottage Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.3%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
Saint Paul Park | $297K | $319K | +7.4% |
Cottage Grove | $395.4K | $399K | +0.9% |
Housing Supply in Cottage Grove, MN
How many homes are available in Cottage Grove, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
169 | 217 | +28.4% |
Summary: The Cottage Grove real estate market had 217 homes for sale in March 2024, a 28.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 61 | 74 | +21.3% |
4 Bedrooms | 63 | 91 | +44.4% |
5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The Cottage Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 52 | +136.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Cottage Grove in March 2024, up by 136.4% month-over-month. Of the 52 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.
Days on Market for Cottage Grove, MN
How long does it take to sell a home in Cottage Grove, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 44 Days | -5.4% |
Summary: Homes in Cottage Grove had an average of 44 days on market in Mar 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 52 homes were sold in Cottage Grove; 46% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.