Is Eagan, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eagan is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Eagan has remained a Seller's Market.

Key Takeaway

Eagan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Eagan, MN cost?

Median Sold Price

$373,583

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$32,583(+9.6%)

Key Takeaway

Homes in Eagan have sold for 9.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $145.7K$160K
+9.8%
2 $222.5K$241K
+8.3%
3 $328.3K$360K
+9.6%
4 $410K$440K
+7.3%
5+ $530K$590.5K
+11.4%

Median Sold Price Compared To Nearby Cities

Inver Grove Heights
+9.9%
Eagan
+9.6%
Mendota Heights
-5.4%

How many homes are available in Eagan, MN?

Number of Homes For Sale

Aug 2022Sep 2022%
271247-8.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 54
-20.0%
2 6566
+1.5%
3 8278
-4.9%
4 7266
-8.3%
5+ 4733
-29.8%

Number of Homes Sold

Aug 2022Sep 2022%
9596+1.1%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eagan, you could pay more than the asking price. 48.9% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
18 Days21 Days+16.4%

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eagan are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Eagan, MN

Number of homes for sale in Eagan, MN real estate market have reached 247. In September 2022 in Eagan, MN there were 8.9% less homes for sale than in August 2022. While the average time on the market in September 2022 was 21 days, the median list price was $373,583. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 9.8%, the cost of 2 bedrooms properties went up by 8.3%, prices of 3 bedrooms properties went up by 9.6%, 4 bedrooms properties prices increased by 7.3%, 5 bedrooms properties prices increased by 11.4%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 20%, 2 bedrooms homes inventory increased by 1.5%, the quantity of 3 bedrooms homes went down by 4.9%, the quantity of 4 bedrooms homes went down by 8.3%, 5 bedrooms homes became 29.8% less available. Over 46 listings were sold over their listed price in September 2022 in Eagan, MN. In the same period over 29 listings were sold below the listed price and 19 listings were sold for the listed price.

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