Is Ramsey, 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, Ramsey has remained a Seller's Market.
Key Takeaway
Ramsey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ramsey, MN
How much do homes in Ramsey, MN cost?
Median Sold Price
$379,333
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ramsey have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Ramsey was $379,333 in April 2024, up 1.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $259.9K | +4.0% |
| 3 Bedrooms | $340K | $337.5K | -0.7% |
| 4 Bedrooms | $410K | $415K | +1.2% |
| 5+ Bedrooms | $450K | $446.3K | -0.8% |
Summary: Ramsey 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 4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in Ramsey, MN
How many homes are available in Ramsey, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 142 | 184 | +29.6% |
Summary: The Ramsey real estate market had 184 homes for sale in April 2024, a 29.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 16 | +45.5% |
| 3 Bedrooms | 64 | 74 | +15.6% |
| 4 Bedrooms | 44 | 62 | +40.9% |
| 5+ Bedrooms | 23 | 32 | +39.1% |
Summary: The Ramsey 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 45.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramsey, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.
Summary: A total of 38 homes were sold or pending in Ramsey in April 2024, up by 11.8% month-over-month. Of the 38 sold homes, 16% were sold under asking, 47% were sold at asking, and 37% were sold over asking.
Days on Market for Ramsey, MN
How long does it take to sell a home in Ramsey, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | -1.1% |
Summary: Homes in Ramsey had an average of 35 days on market in Apr 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramsey are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in Ramsey; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
