$4,156 Closing Credit*
$350,000
1,892 SqFt
4 Beds
•1 Full Bath
Listing Office: Luke Team Real Estate
Is Maple Grove, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$402,661
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$12,668(+3.2%)
Key Takeaway
Homes in Maple Grove have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Maple Grove was $402,661 in September 2024, up 3.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $269.9K | +5.9% |
| 2 Bedrooms | $279.9K | $281K | 0.4% |
| 3 Bedrooms | $360.2K | $360K | -0.1% |
| 4 Bedrooms | $479.5K | $476.6K | -0.6% |
| 5+ Bedrooms | $697.5K | $701K | 0.5% |
Summary: Maple Grove housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Maple Grove | $389.9K | $402.6K | +3.2% |
| Brooklyn Park | $335K | $338.1K | +0.9% |
| Osseo | $505K | $505K | 0.0% |
| Champlin | $365K | $364.9K | 0% |
| Corcoran | $584.8K | $581.7K | -0.5% |
Housing Supply in Maple Grove, MN
How many homes are available in Maple Grove, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 415 | 462 | +11.3% |
Summary: The Maple Grove real estate market had 462 homes for sale in September 2024, a 11.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 64 | 87 | +35.9% |
| 3 Bedrooms | 132 | 140 | +6.1% |
| 4 Bedrooms | 117 | 142 | +21.4% |
| 5+ Bedrooms | 102 | 93 | -8.8% |
Summary: The Maple Grove housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 8.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 117 | 99 | -15.4% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Grove, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 99 homes were sold or pending in Maple Grove in September 2024, down by 15.4% month-over-month. Of the 99 sold homes, 48% were sold under asking, 25% were sold at asking, and 26% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 30 Days | +36.9% |
Summary: Homes in Maple Grove had an average of 30 days on market in Sep 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
4 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 September 2024, 99 homes were sold in Maple Grove; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
