Is Elliot Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Elliot Park was a Seller's Market.
Key Takeaway
Elliot Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elliot Park, MN
How much do homes in Elliot Park, MN cost?
Median Sold Price
$340,000
$275/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Elliot Park has remained the same since last year.
Summary: The median home sold price in Elliot Park was $340,000 in March 2024, the same as last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $217K | -11.4% |
| 2 Bedrooms | $390K | $370.5K | -5.0% |
| 3 Bedrooms | $602.5K | $700K | +16.2% |
| 4 Bedrooms | $1.0M | $380K | -63.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Elliot Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 63.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown East | $605K | $627K | +3.6% |
| Central | $324.7K | $333.5K | +2.7% |
| Elliot Park | $340K | $340K | 0.0% |
Housing Supply in Elliot Park, MN
How many homes are available in Elliot Park, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The Elliot Park real estate market had 44 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elliot Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elliot Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Elliot Park in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Elliot Park, MN
How long does it take to sell a home in Elliot Park, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 82 Days | +24.0% |
Summary: Homes in Elliot Park had an average of 82 days on market in Mar 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elliot Park has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Elliot Park; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
