Is Ham Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ham Lake was a Seller's Market.
Key Takeaway
Ham Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ham Lake, MN
How much do homes in Ham Lake, MN cost?
Median Sold Price
$515,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ham Lake have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Ham Lake was $515,000 in March 2024, up 7.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $425K | $320K | -24.7% |
| 3 Bedrooms | $447.4K | $380K | -15.1% |
| 4 Bedrooms | $475.2K | $564K | +18.7% |
| 5+ Bedrooms | $605K | $627K | +3.6% |
Summary: Ham Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.7%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Ham Lake | $479.2K | $515K | +7.5% |
| East Bethel | $390K | $391K | 0.3% |
| Columbus | $526.5K | $525K | -0.3% |
| Andover | $440K | $436K | -0.9% |
Housing Supply in Ham Lake, MN
How many homes are available in Ham Lake, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 57 | -3.4% |
Summary: The Ham Lake real estate market had 57 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Ham Lake 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 20%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ham Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ham Lake in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 35 Days | -55.1% |
Summary: Homes in Ham Lake had an average of 35 days on market in Mar 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
5 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 Ham Lake are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Ham Lake; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
