Is Eden Prairie, 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, Eden Prairie has remained a Seller's Market.
Housing Prices in Eden Prairie, MN
How much do homes in Eden Prairie, MN cost?
Median Sold Price
$459,966
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Eden Prairie was $459,966 in March 2024, up 0.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $183.9K | -8.0% |
2 Bedrooms | $269.5K | $280K | +3.9% |
3 Bedrooms | $403.5K | $415K | +2.9% |
4 Bedrooms | $520.7K | $554K | +6.4% |
5+ Bedrooms | $739.5K | $750.5K | +1.5% |
Summary: Eden Prairie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
Shakopee | $368.1K | $389.1K | +5.7% |
Chanhassen | $499K | $522.5K | +4.7% |
Minnetonka | $457.7K | $465.2K | +1.6% |
Edina | $580K | $587.7K | +1.3% |
Eden Prairie | $459.5K | $459.9K | 0.1% |
Housing Supply in Eden Prairie, MN
How many homes are available in Eden Prairie, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
176 | 201 | +14.2% |
Summary: The Eden Prairie real estate market had 201 homes for sale in March 2024, a 14.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 37 | 35 | -5.4% |
3 Bedrooms | 53 | 66 | +24.5% |
4 Bedrooms | 47 | 49 | +4.3% |
5+ Bedrooms | 37 | 47 | +27.0% |
Summary: The Eden Prairie housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 27%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 53 | +51.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Eden Prairie in March 2024, up by 51.4% month-over-month. Of the 53 sold homes, 40% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Eden Prairie, MN
How long does it take to sell a home in Eden Prairie, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 33 Days | +2.9% |
Summary: Homes in Eden Prairie had an average of 33 days on market in Mar 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in Eden Prairie; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.