Is New Brighton, 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, New Brighton has remained a Seller's Market.
Housing Prices in New Brighton, MN
How much do homes in New Brighton, MN cost?
Median Sold Price
$370,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Brighton was $370,000 in March 2024, up 1.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128K | $210K | +64.1% |
2 Bedrooms | $257.5K | $265.2K | +3.0% |
3 Bedrooms | $330K | $355K | +7.6% |
4 Bedrooms | $425K | $421.2K | -0.9% |
5+ Bedrooms | $474.9K | $507K | +6.8% |
Summary: New Brighton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.1%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Arden Hills | $377.5K | $417K | +10.5% |
New Brighton | $365K | $370K | +1.4% |
Mounds View | $322K | $313.5K | -2.6% |
Housing Supply in New Brighton, MN
How many homes are available in New Brighton, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 45 | +21.6% |
Summary: The New Brighton real estate market had 45 homes for sale in March 2024, a 21.6% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The New Brighton 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 increased by 22.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in New Brighton in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for New Brighton, MN
How long does it take to sell a home in New Brighton, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 21 Days | -8.4% |
Summary: Homes in New Brighton had an average of 21 days on market in Mar 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in New Brighton; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.