Is Maple Plain, 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, Maple Plain was a Seller's Market.
Key Takeaway
Maple Plain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Maple Plain, MN
How much do homes in Maple Plain, MN cost?
Median Sold Price
$563,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Maple Plain have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Maple Plain was $563,500 in March 2024, up 9.4% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $567K | N/A |
| 2 Bedrooms | $422.5K | $305K | -27.8% |
| 3 Bedrooms | $420K | $391.5K | -6.8% |
| 4 Bedrooms | $844.7K | $580K | -31.3% |
| 5+ Bedrooms | $580K | $1.3M | +137.1% |
Summary: Maple Plain 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 decreased by 27.8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 137.1%.
Median Sold Price Compared To Nearby Cities
| Maple Plain | $515K | $563.5K | +9.4% |
| Independence | $833.7K | $849K | +1.8% |
| Medina | $800K | $800K | 0.0% |
Housing Supply in Maple Plain, MN
How many homes are available in Maple Plain, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 30 | +50.0% |
Summary: The Maple Plain real estate market had 30 homes for sale in March 2024, a 50.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 6 | 13 | +116.7% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Maple Plain 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Plain, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Maple Plain in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 33 Days | +161.4% |
Summary: Homes in Maple Plain had an average of 33 days on market in Mar 2024, up by 161.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Maple Plain has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Maple Plain; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
