Is Jordan, 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, Jordan was a Seller's Market.
Key Takeaway
Jordan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jordan, MN
How much do homes in Jordan, MN cost?
Median Sold Price
$420,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jordan have sold for 3% less than they did a year ago.
Summary: The median home sold price in Jordan was $420,500 in March 2024, down 3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239K | $330.6K | +38.3% |
| 3 Bedrooms | $379.9K | $414.9K | +9.2% |
| 4 Bedrooms | $433.5K | $420K | -3.1% |
| 5+ Bedrooms | $506.2K | $443.8K | -12.3% |
Summary: Jordan 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 increased by 38.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in Jordan, MN
How many homes are available in Jordan, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 53 | +29.3% |
Summary: The Jordan real estate market had 53 homes for sale in March 2024, a 29.3% increase 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 | 8 | 12 | +50.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 14 | 22 | +57.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Jordan 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 increased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jordan, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Jordan in March 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 38 Days | -45.6% |
Summary: Homes in Jordan had an average of 38 days on market in Mar 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jordan are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Jordan; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
