Is Greater East Side, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Greater East Side has remained a Seller's Market.
Key Takeaway
Greater East Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greater East Side, MN
How much do homes in Greater East Side, MN cost?
Median Sold Price
$255,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Greater East Side have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Greater East Side was $255,000 in April 2024, up 3.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $147K | -5.2% |
| 2 Bedrooms | $215K | $220K | +2.3% |
| 3 Bedrooms | $250K | $260K | +4.0% |
| 4 Bedrooms | $273.4K | $300K | +9.7% |
| 5+ Bedrooms | $322.4K | $309K | -4.2% |
Summary: Greater East Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Dayton's Bluff | $235K | $250K | +6.4% |
| Greater East Side | $247.4K | $255K | +3.1% |
| Payne-Phalen | $240K | $242.1K | +0.9% |
Housing Supply in Greater East Side, MN
How many homes are available in Greater East Side, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 63 | +8.6% |
Summary: The Greater East Side real estate market had 63 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Greater East Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greater East Side, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Greater East Side in April 2024, the same as the previous month. Of the 20 sold homes, 15% were sold under asking, 15% were sold at asking, and 70% were sold over asking.
Days on Market for Greater East Side, MN
How long does it take to sell a home in Greater East Side, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 24 Days | -21.6% |
Summary: Homes in Greater East Side had an average of 24 days on market in Apr 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Greater East Side are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Greater East Side; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
