Is Macalester-Groveland, 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, Macalester-Groveland has remained a Seller's Market.
Key Takeaway
Macalester-Groveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macalester-Groveland, MN
How much do homes in Macalester-Groveland, MN cost?
Median Sold Price
$414,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Macalester-Groveland have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Macalester-Groveland was $414,000 in April 2024, up 0.9% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $82.2K | +2.8% |
| 2 Bedrooms | $280K | $320K | +14.3% |
| 3 Bedrooms | $412K | $434.2K | +5.4% |
| 4 Bedrooms | $481.4K | $550K | +14.2% |
| 5+ Bedrooms | $712.2K | $730K | +2.5% |
Summary: Macalester-Groveland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Summit Hill | $460K | $515K | +12.0% |
| Highland | $415K | $452.5K | +9.0% |
| Merriam Park-Lexington-Hamline | $374K | $401K | +7.2% |
| Macalester-Groveland | $410.5K | $414K | +0.9% |
Housing Supply in Macalester-Groveland, MN
How many homes are available in Macalester-Groveland, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 73 | +32.7% |
Summary: The Macalester-Groveland real estate market had 73 homes for sale in April 2024, a 32.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 22 | 32 | +45.5% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Macalester-Groveland 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 increased by 22.2%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 25 | +108.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macalester-Groveland, you could pay more than the asking price. 76% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Macalester-Groveland in April 2024, up by 108.3% month-over-month. Of the 25 sold homes, 16% were sold under asking, 8% were sold at asking, and 76% were sold over asking.
Days on Market for Macalester-Groveland, MN
How long does it take to sell a home in Macalester-Groveland, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -27.7% |
Summary: Homes in Macalester-Groveland had an average of 20 days on market in Apr 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macalester-Groveland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Macalester-Groveland; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
