Is Golden Valley, 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, Golden Valley has remained a Seller's Market.
Key Takeaway
Golden Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Golden Valley, MN
How much do homes in Golden Valley, MN cost?
Median Sold Price
$432,537
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Golden Valley have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Golden Valley was $432,537 in March 2024, up 0.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $60K | -70.0% |
| 2 Bedrooms | $284.9K | $271.5K | -4.7% |
| 3 Bedrooms | $390K | $395K | +1.3% |
| 4 Bedrooms | $495K | $543.7K | +9.8% |
| 5+ Bedrooms | $625K | $620K | -0.8% |
Summary: Golden Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Saint Louis Park | $364.9K | $375K | +2.7% |
| New Hope | $328.1K | $335K | +2.1% |
| Robbinsdale | $308.2K | $311.5K | +1.1% |
| Crystal | $302.3K | $305K | +0.9% |
| Golden Valley | $429.9K | $432.5K | +0.6% |
Housing Supply in Golden Valley, MN
How many homes are available in Golden Valley, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 82 | +7.9% |
Summary: The Golden Valley real estate market had 82 homes for sale in March 2024, a 7.9% 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 | 14 | 12 | -14.3% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Golden Valley 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 14.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Golden Valley, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Golden Valley in March 2024, down by 25.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Golden Valley, MN
How long does it take to sell a home in Golden Valley, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 40 Days | +6.1% |
Summary: Homes in Golden Valley had an average of 40 days on market in Mar 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Golden Valley are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Golden Valley; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
