Is Hopkins, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $120.5K | $105K | -12.9% |
| 2 Bedrooms | $178.7K | $214.2K | +19.9% |
| 3 Bedrooms | $341K | $354K | +3.8% |
| 4 Bedrooms | $403K | $414K | +2.7% |
| 5+ Bedrooms | $500K | $592.5K | +18.5% |
Median Sold Price Compared To Nearby Cities
| Hopkins | $292K | $315K | +7.9% |
| Minnetonka | $430.5K | $462.2K | +7.4% |
| Saint Louis Park | $341.4K | $359.9K | +5.4% |
| Edina | $571.4K | $580.5K | +1.6% |
How many homes are available in Hopkins, MN?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 36 | 29 | -19.4% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 4 | 0 | -100.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 12 | 6 | -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
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 2021 | Dec 2022 | % |
|---|---|---|
| 30 Days | 38 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
Key Takeaway
Avg time on Rocket Homes in Hopkins has remained consistent over time.
