Is Fridley, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fridley is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Fridley has remained a Seller's Market.

Key Takeaway

Fridley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Fridley, MN cost?

Median Sold Price

$307,750

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$19,310(+6.7%)

Key Takeaway

Homes in Fridley have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $116.5K$142.5K
+22.3%
2 $223.8K$250.6K
+12.0%
3 $288.6K$300.3K
+4.1%
4 $310K$331K
+6.8%
5+ $332K$356K
+7.2%

Median Sold Price Compared To Nearby Cities

New Brighton
+11.6%
Mounds View
+11.1%
Columbia Heights
+8.1%
Fridley
+6.7%
Spring Lake Park
+2.7%

How many homes are available in Fridley, MN?

Number of Homes For Sale

Oct 2022Nov 2022%
8777-11.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 22
0.0%
2 1717
0.0%
3 3828
-26.3%
4 2525
0.0%
5+ 55
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2722-18.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fridley, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days32 Days+90.4%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fridley are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fridley, MN

Fridley, MN has 77 homes for sale to choose from. The number of homes for sale in Fridley, MN decreased by 11.5% between October 2022 and November 2022. In November 2022, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $307,750. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 22.3%, prices of 2 bedrooms properties went up by 12%, 3 bedrooms properties prices increased by 4.1%, 4 bedrooms properties became 6.8% more expensive, 5 bedrooms properties became 7.2% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 26.3% less available, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. While more than 11 listings in Fridley, MN in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 10 were sold below.

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