Is Jordan, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jordan has remained a Seller's Market.
Key Takeaway
Jordan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jordan, MN
How much do homes in Jordan, MN cost?
Median Sold Price
$220,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jordan have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Jordan was $220,000 in April 2024, up 2.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $147.5K | -22.0% |
| 3 Bedrooms | $210K | $220K | +4.8% |
| 4 Bedrooms | $217.5K | $243.7K | +12.1% |
| 5+ Bedrooms | $250K | $242.4K | -3.0% |
Summary: Jordan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
| Forest Heights | $223K | $229.9K | +3.1% |
| Jordan | $215K | $220K | +2.3% |
| Fairmount Park | $197.4K | $200K | +1.3% |
| Willard-Hay | $246K | $224.4K | -8.8% |
Housing Supply in Jordan, MN
How many homes are available in Jordan, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Summary: The Jordan real estate market had 43 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 19 | 26 | +36.8% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Jordan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 36.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jordan, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Jordan in April 2024, up by 44.4% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Jordan, MN
How long does it take to sell a home in Jordan, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 30 Days | -19.0% |
Summary: Homes in Jordan had an average of 30 days on market in Apr 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jordan are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Jordan; 62% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
