Is Hopkins, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hopkins is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Hopkins, MN cost?

Median Sold Price

$315,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$23,000(+7.9%)

Key Takeaway

Homes in Hopkins have sold for 7.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $120.5K$105K
-12.9%
2 $178.7K$214.2K
+19.9%
3 $341K$354K
+3.8%
4 $403K$414K
+2.7%
5+ $500K$592.5K
+18.5%

Median Sold Price Compared To Nearby Cities

Hopkins
+7.9%
Minnetonka
+7.4%
Saint Louis Park
+5.4%
Edina
+1.6%

How many homes are available in Hopkins, MN?

Number of Homes For Sale

Nov 2022Dec 2022%
3629-19.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 40
-100.0%
2 1311
-15.4%
3 1210
-16.7%
4 77
0.0%
5+ 01
+100.0%

Number of Homes Sold

Nov 2022Dec 2022%
126-50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hopkins, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
30 Days38 Days+24.4%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hopkins has remained consistent over time.

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

About Hopkins, MN

Number of homes for sale in Hopkins, MN real estate market have reached 29. The inventory of homes for sale in Hopkins, MN between November 2022 and December 2022 decreased by 19.4%. In December 2022 median list price was $315,000 and the average listing age was 38 days. This housing market listing prices have changed between November 2022 and December 2022: prices of 1 bedroom properties went down by 12.9%, the cost of 2 bedrooms properties went up by 19.9%, prices of 3 bedrooms properties increased by 3.8%, 4 bedrooms properties prices increased by 2.7%, 5 bedrooms properties prices increased by 18.5%. Volume of homes for sale changed: 1 bedroom homes became 100% less available, number of 2 bedrooms homes decreased by 15.4%, 3 bedrooms homes became 16.7% less available, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes became 100% more available. In December 2022 more than 1 listings in Hopkins, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 5 were sold below.

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