Is Excelsior, 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, Excelsior has remained a Seller's Market.
Housing Prices in Excelsior, MN
How much do homes in Excelsior, MN cost?
Median Sold Price
$797,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Excelsior was $797,000 in March 2024, up 8.8% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $900K | $901K | 0.1% |
2 Bedrooms | $388K | $572.5K | +47.6% |
3 Bedrooms | $547.5K | $572.4K | +4.6% |
4 Bedrooms | $742.5K | $794K | +6.9% |
5+ Bedrooms | $1.0M | $1.1M | +16.4% |
Summary: Excelsior housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 47.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
Greenwood | $1.0M | $2.0M | +101.6% |
Excelsior | $732.5K | $797K | +8.8% |
Shorewood | $700K | $749K | +7.0% |
Housing Supply in Excelsior, MN
How many homes are available in Excelsior, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
119 | 125 | +5.0% |
Summary: The Excelsior real estate market had 125 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 41 | 48 | +17.1% |
4 Bedrooms | 37 | 33 | -10.8% |
5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The Excelsior housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Excelsior in March 2024, down by 12.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 22 Days | -37.2% |
Summary: Homes in Excelsior had an average of 22 days on market in Mar 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Excelsior; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.