Is Ham Lake, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ham Lake is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Ham Lake, MN

How much do homes in Ham Lake, MN cost?

Median Sold Price

$541,500

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$62,250(+13.0%)

Key Takeaway

Homes in Ham Lake have sold for 13% more than they did a year ago.

Summary: The median home sold price in Ham Lake was $541,500 in September 2024, up 13% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $339.9K$510K
+50.0%
3 $430.7K$410K
-4.8%
4 $489.9K$575K
+17.4%
5+ $700K$607.5K
-13.2%

Summary: Ham Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 13.2%.

Median Sold Price Compared To Nearby Cities

Ham Lake
+13.0%
Andover
+3.4%
East Bethel
+2.9%
Cedar
+1.5%
Columbus
-7.2%

Housing Supply in Ham Lake, MN

How many homes are available in Ham Lake, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6368+7.9%

Summary: The Ham Lake real estate market had 68 homes for sale in September 2024, a 7.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1924
+26.3%
4 3032
+6.7%
5+ 1311
-15.4%

Summary: The Ham Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ham Lake, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Ham Lake in September 2024, up by 8.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.

Days on Market for Ham Lake, MN

How long does it take to sell a home in Ham Lake, MN?

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days40 Days+49.7%

Summary: Homes in Ham Lake had an average of 40 days on market in Sep 2024, up by 49.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ham Lake has remained consistent over time.

Summary: During September 2024, 13 homes were sold in Ham Lake; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in Ham Lake, MN

Nearby Markets to Ham Lake, MN

What housing markets are near Ham Lake, MN?