Is Edina, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Edina has remained a Seller's Market.
Key Takeaway
Edina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Edina, MN cost?
Median Sold Price
$580,527
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$9,102(+1.6%)
Key Takeaway
Homes in Edina have sold for 1.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $135K | $140K | +3.7% |
| 2 Bedrooms | $235K | $224.2K | -4.6% |
| 3 Bedrooms | $475K | $519.5K | +9.4% |
| 4 Bedrooms | $711K | $750K | +5.5% |
| 5+ Bedrooms | $1.2M | $1.1M | -1.1% |
Median Sold Price Compared To Nearby Cities
| Hopkins | $292K | $315K | +7.9% |
| Bloomington | $325K | $350K | +7.7% |
| Saint Louis Park | $341.4K | $359.9K | +5.4% |
| Richfield | $324.9K | $335K | +3.1% |
| Edina | $571.4K | $580.5K | +1.6% |
How many homes are available in Edina, MN?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 204 | 179 | -12.3% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 55 | 49 | -10.9% |
| 3 Bedrooms | 33 | 28 | -15.2% |
| 4 Bedrooms | 37 | 30 | -18.9% |
| 5+ Bedrooms | 65 | 59 | -9.2% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 43 | 42 | -2.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edina, you may be able to get a good deal. 73.8% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 35 Days | 45 Days | +28.5% |
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edina are selling fast, if you're buying plan to act quickly.
