Is Maplewood, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Maplewood has remained a Seller's Market.
Key Takeaway
Maplewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maplewood, MN
How much do homes in Maplewood, MN cost?
Median Sold Price
$326,916
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Maplewood have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Maplewood was $326,916 in March 2024, up 3.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $148.5K | -0.9% |
| 2 Bedrooms | $244K | $273.6K | +12.1% |
| 3 Bedrooms | $300K | $315K | +5.0% |
| 4 Bedrooms | $385K | $425K | +10.4% |
| 5+ Bedrooms | $415K | $438K | +5.5% |
Summary: Maplewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Oakdale | $323K | $349.9K | +8.3% |
| Maplewood | $315K | $326.9K | +3.8% |
| North Saint Paul | $320K | $320K | 0.0% |
| Little Canada | $338K | $334.9K | -0.9% |
| Vadnais Heights | $360K | $328.5K | -8.8% |
Housing Supply in Maplewood, MN
How many homes are available in Maplewood, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 71 | +24.6% |
Summary: The Maplewood real estate market had 71 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 15 | +66.7% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Maplewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maplewood, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Maplewood in March 2024, down by 10.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for Maplewood, MN
How long does it take to sell a home in Maplewood, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 33 Days | -28.0% |
Summary: Homes in Maplewood had an average of 33 days on market in Mar 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Maplewood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Maplewood; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
