Is Maple Plain, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maple Plain is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Maple Plain has remained a Seller's Market.

Key Takeaway

Maple Plain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Maple Plain, MN

How much do homes in Maple Plain, MN cost?

Median Sold Price

$614,800

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$104,800(+20.5%)

Key Takeaway

Homes in Maple Plain have sold for 20.5% more than they did a year ago.

Summary: The median home sold price in Maple Plain was $614,800 in September 2024, up 20.5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$567K
N/A
2 $295K$306.2K
+3.8%
3 $375K$385K
+2.7%
4 $590K$614.8K
+4.2%
5+ $1.5M$1.0M
-30.6%

Summary: Maple Plain housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 30.6%.

Median Sold Price Compared To Nearby Cities

Independence
+28.8%
Maple Plain
+20.5%
Medina
+0.9%

Housing Supply in Maple Plain, MN

How many homes are available in Maple Plain, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3735-5.4%

Summary: The Maple Plain real estate market had 35 homes for sale in September 2024, a 5.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 33
0.0%
3 64
-33.3%
4 1517
+13.3%
5+ 1210
-16.7%

Summary: The Maple Plain 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maple Plain, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Maple Plain in September 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.

Days on Market for Maple Plain, MN

How long does it take to sell a home in Maple Plain, MN?

Average Sale Time

Sep 2023Sep 2024CHANGE
16 Days31 Days+94.9%

Summary: Homes in Maple Plain had an average of 31 days on market in Sep 2024, up by 94.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Maple Plain has remained consistent over time.

Summary: During September 2024, 9 homes were sold in Maple Plain; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Maple Plain, MN

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