Is Maplewood, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maplewood is a seller's market

Buyer's
Market

Difference Since September 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

$335,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,140(+4.7%)

Key Takeaway

Homes in Maplewood have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Maplewood was $335,000 in September 2024, up 4.7% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $149.9K$143K
-4.6%
2 $262.5K$264.2K
+0.7%
3 $309K$325K
+5.2%
4 $400K$384.5K
-3.9%
5+ $400K$467.4K
+16.9%

Summary: Maplewood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Cities

Little Canada
+6.9%
Maplewood
+4.7%
Oakdale
+3.0%
North Saint Paul
+1.6%
Vadnais Heights
0.2%

Housing Supply in Maplewood, MN

How many homes are available in Maplewood, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
141146+3.5%

Summary: The Maplewood real estate market had 146 homes for sale in September 2024, a 3.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 23
+50.0%
2 2425
+4.2%
3 7168
-4.2%
4 3641
+13.9%
5+ 89
+12.5%

Summary: The Maplewood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4337-14.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maplewood, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in Maplewood in September 2024, down by 14.0% month-over-month. Of the 37 sold homes, 30% were sold under asking, 22% were sold at asking, and 49% 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

Sep 2023Sep 2024CHANGE
22 Days24 Days+8.1%

Summary: Homes in Maplewood had an average of 24 days on market in Sep 2024, up by 8.1% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Maplewood are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 37 homes were sold in Maplewood; 68% of homes were sold within 30 days, 32% 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 Sep 1, 2024

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