Is Eagan, 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, 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.
Housing Prices in Eagan, MN
How much do homes in Eagan, MN cost?
Median Sold Price
$378,890
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eagan have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Eagan was $378,890 in March 2024, up 1.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174K | $163K | -6.3% |
| 2 Bedrooms | $245K | $245K | 0.0% |
| 3 Bedrooms | $356.7K | $375K | +5.1% |
| 4 Bedrooms | $447.5K | $461K | +3.0% |
| 5+ Bedrooms | $583.5K | $597.5K | +2.4% |
Summary: Eagan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Inver Grove Heights | $325.2K | $364.9K | +12.2% |
| Apple Valley | $350K | $366K | +4.6% |
| Eagan | $372.5K | $378.8K | +1.7% |
| Mendota Heights | $494.9K | $500.5K | +1.1% |
Housing Supply in Eagan, MN
How many homes are available in Eagan, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 165 | 168 | +1.8% |
Summary: The Eagan real estate market had 168 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 44 | 42 | -4.5% |
| 3 Bedrooms | 56 | 59 | +5.4% |
| 4 Bedrooms | 37 | 40 | +8.1% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The Eagan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 49 | -15.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eagan, you may be able to get a good deal. 38.8% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Eagan in March 2024, down by 15.5% month-over-month. Of the 49 sold homes, 39% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for Eagan, MN
How long does it take to sell a home in Eagan, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 20 Days | -13.9% |
Summary: Homes in Eagan had an average of 20 days on market in Mar 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eagan are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 49 homes were sold in Eagan; 86% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
