Is Fridley, 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, Fridley has remained a Seller's Market.
Housing Prices in Fridley, MN
How much do homes in Fridley, MN cost?
Median Sold Price
$315,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fridley was $315,000 in March 2024, up 3.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $124K | -14.5% |
2 Bedrooms | $251.3K | $262.5K | +4.5% |
3 Bedrooms | $304.9K | $310K | +1.7% |
4 Bedrooms | $335K | $340K | +1.5% |
5+ Bedrooms | $359K | $370K | +3.1% |
Summary: Fridley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
Fridley | $305.5K | $315K | +3.1% |
New Brighton | $365K | $370K | +1.4% |
Spring Lake Park | $297.2K | $300K | +0.9% |
Columbia Heights | $291K | $284.3K | -2.3% |
Mounds View | $322K | $313.5K | -2.6% |
Housing Supply in Fridley, MN
How many homes are available in Fridley, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 58 | +18.4% |
Summary: The Fridley real estate market had 58 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 14 | +75.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Fridley 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 increased by 75%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Fridley in March 2024, down by 25.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Fridley, MN
How long does it take to sell a home in Fridley, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 39 Days | +57.4% |
Summary: Homes in Fridley had an average of 39 days on market in Mar 2024, up by 57.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Fridley; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.