Is Oak Park Heights, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oak Park Heights has remained a Seller's Market.
Key Takeaway
Oak Park Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Park Heights, MN
How much do homes in Oak Park Heights, MN cost?
Median Sold Price
$339,900
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oak Park Heights have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Oak Park Heights was $339,900 in April 2024, down 7.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $234.5K | $260K | +10.9% |
| 3 Bedrooms | $382.4K | $338.2K | -11.5% |
| 4 Bedrooms | $388.5K | $447.5K | +15.2% |
| 5+ Bedrooms | $662.5K | - | N/A |
Summary: Oak Park Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Oak Park Heights | $367.2K | $339.9K | -7.4% |
| Bayport | $416.5K | $385K | -7.6% |
| Stillwater Township | $488.5K | $434.9K | -11.0% |
| Stillwater | $490K | $433.8K | -11.5% |
Housing Supply in Oak Park Heights, MN
How many homes are available in Oak Park Heights, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Oak Park Heights real estate market had 15 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Oak Park Heights 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Park Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Oak Park Heights in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Oak Park Heights, MN
How long does it take to sell a home in Oak Park Heights, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 96 Days | +242.9% |
Summary: Homes in Oak Park Heights had an average of 96 days on market in Apr 2024, up by 242.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oak Park Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Oak Park Heights; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
