Is Hennepin County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2021
Since last year, Hennepin County has remained a Seller's Market.
How much do homes in Hennepin County, MN cost?
Median Sold Price
$355,045
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2021
Median Sold Price By Bedroom Count
# BEDS | Apr 2021 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | $165K | $169.8K | +3.0% |
2 Bedrooms | $245.2K | $260K | +6.0% |
3 Bedrooms | $316.7K | $342.2K | +8.0% |
4 Bedrooms | $402.8K | $439.6K | +9.1% |
5+ Bedrooms | $590.3K | $670.1K | +13.5% |
Median Sold Price Compared To Nearby Counties
% | |
---|---|
Carver County | +15.9% |
Wright County | +14.7% |
Anoka County | +13.8% |
Ramsey County | +11.7% |
Hennepin County | +7.4% |
How many homes are available in Hennepin County, MN?
Number of Homes For Sale
Mar 2022 | Apr 2022 | % |
---|---|---|
4,916 | 5,675 | +15.4% |
Homes For Sale By Bedroom Count
# BEDS | Mar 2022 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | 334 | 380 | +13.8% |
2 Bedrooms | 1,088 | 1,220 | +12.1% |
3 Bedrooms | 1,552 | 1,746 | +12.5% |
4 Bedrooms | 1,259 | 1,490 | +18.3% |
5+ Bedrooms | 683 | 839 | +22.8% |
Number of Homes Sold
Mar 2022 | Apr 2022 | % |
---|---|---|
1,348 | 1,548 | +14.8% |
Asking Price vs. Sold Price
256 Homes Were Sold
Under Asking
305 Homes Were Sold
At Asking
987 Homes Were Sold
Over Asking
Average Sale Time
Apr 2021 | Apr 2022 | % |
---|---|---|
22 Days | 18 Days | -15.1% |
Breakdown of Home Sale Times
1,317 Homes Were Sold
Under 30 Days
152 Homes Were Sold
In 30 - 90 Days
77 Homes Were Sold
Over 90 Days