$10,000 Closing Credit*
$1,875,600
4,340 SqFt
5 Beds
•2 Full Baths, 2 Partial
Listing Office: Trenary Realty Group
Is Excelsior, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Excelsior was a Seller's Market.
Key Takeaway
Excelsior is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Excelsior, MN
How much do homes in Excelsior, MN cost?
Median Sold Price
$782,378
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$37,288(-4.5%)
Key Takeaway
Homes in Excelsior have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Excelsior was $782,378 in September 2024, down 4.5% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $901K | $1.1M | +27.6% |
| 2 Bedrooms | $430K | $655K | +52.3% |
| 3 Bedrooms | $630K | $543.7K | -13.7% |
| 4 Bedrooms | $777K | $789K | +1.5% |
| 5+ Bedrooms | $1.2M | $1.2M | +4.2% |
Summary: Excelsior housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes increased by 52.3%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Excelsior | $819.6K | $782.3K | -4.5% |
| Shorewood | $760K | $657.5K | -13.5% |
Housing Supply in Excelsior, MN
How many homes are available in Excelsior, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 166 | 179 | +7.8% |
Summary: The Excelsior real estate market had 179 homes for sale in September 2024, a 7.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 49 | 49 | 0.0% |
| 4 Bedrooms | 46 | 57 | +23.9% |
| 5+ Bedrooms | 49 | 53 | +8.2% |
Summary: The Excelsior housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 8.2%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Excelsior, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Excelsior in September 2024, down by 24.3% month-over-month. Of the 28 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Excelsior, MN
How long does it take to sell a home in Excelsior, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 41 Days | 36 Days | -11.9% |
Summary: Homes in Excelsior had an average of 36 days on market in Sep 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Excelsior has remained consistent over time.
Summary: During September 2024, 28 homes were sold in Excelsior; 46% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
