Is North Loop, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, North Loop was a Seller's Market.
Housing Prices in North Loop, MN
How much do homes in North Loop, MN cost?
Median Sold Price
$400,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Loop was $400,000 in April 2024, up 1.3% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $311K | $295K | -5.1% |
2 Bedrooms | $464.5K | $411.5K | -11.4% |
3 Bedrooms | $946K | $794.5K | -16.0% |
4 Bedrooms | $822.5K | $1.3M | +69.9% |
5+ Bedrooms | - | - | N/A |
Summary: North Loop housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 69.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Central | $325.6K | $340K | +4.4% |
North Loop | $395K | $400K | +1.3% |
Downtown West | $230K | $227.5K | -1.1% |
Loring Park | $250K | $245K | -2.0% |
Housing Supply in North Loop, MN
How many homes are available in North Loop, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 62 | +21.6% |
Summary: The North Loop real estate market had 62 homes for sale in April 2024, a 21.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 18 | 0.0% |
2 Bedrooms | 23 | 32 | +39.1% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Loop housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 39.1%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in North Loop in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for North Loop, MN
How long does it take to sell a home in North Loop, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 16 Days | -77.3% |
Summary: Homes in North Loop had an average of 16 days on market in Apr 2024, down by 77.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in North Loop; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.