Is Maple Grove, 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, Maple Grove has remained a Seller's Market.
Key Takeaway
Maple Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Grove, MN
How much do homes in Maple Grove, MN cost?
Median Sold Price
$399,953
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Maple Grove has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $280K | $281K | 0.4% |
| 3 Bedrooms | $362.2K | $360K | -0.6% |
| 4 Bedrooms | $474.4K | $475.1K | 0.1% |
| 5+ Bedrooms | $650K | $697.5K | +7.3% |
Summary: Maple Grove 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 increased by 0.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Osseo | $400K | $539K | +34.8% |
| Brooklyn Park | $335K | $335.9K | 0.3% |
| Maple Grove | $400K | $399.9K | 0% |
| Champlin | $369.8K | $364.4K | -1.4% |
| Corcoran | $580K | $535.6K | -7.6% |
Housing Supply in Maple Grove, MN
How many homes are available in Maple Grove, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 293 | 385 | +31.4% |
Summary: The Maple Grove real estate market had 385 homes for sale in April 2024, a 31.4% 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 | 43 | 61 | +41.9% |
| 3 Bedrooms | 84 | 130 | +54.8% |
| 4 Bedrooms | 95 | 116 | +22.1% |
| 5+ Bedrooms | 71 | 78 | +9.9% |
Summary: The Maple Grove 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 41.9%, 3 bedroom homes increased by 54.8%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 93 | +40.9% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Grove, you could pay more than the asking price. 44.1% of homes here sold above asking price last month.
Summary: A total of 93 homes were sold or pending in Maple Grove in April 2024, up by 40.9% month-over-month. Of the 93 sold homes, 30% were sold under asking, 26% were sold at asking, and 44% were sold over asking.
Days on Market for Maple Grove, MN
How long does it take to sell a home in Maple Grove, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +28.6% |
Summary: Homes in Maple Grove had an average of 30 days on market in Apr 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Grove are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 93 homes were sold in Maple Grove; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
