Is Ramsey County, 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, Ramsey County has remained a Seller's Market.
Key Takeaway
Ramsey County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ramsey County, MN
How much do homes in Ramsey County, MN cost?
Median Sold Price
$315,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ramsey County have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Ramsey County was $315,000 in March 2024, up 1.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $145K | -3.3% |
| 2 Bedrooms | $240K | $249.9K | +4.2% |
| 3 Bedrooms | $309.9K | $320K | +3.2% |
| 4 Bedrooms | $385.1K | $394.5K | +2.4% |
| 5+ Bedrooms | $501.2K | $507.3K | +1.2% |
Summary: Ramsey County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Counties
| Dakota County | $371K | $384.5K | +3.6% |
| Ramsey County | $309.7K | $315K | +1.7% |
| Hennepin County | $369.7K | $375K | +1.4% |
| Anoka County | $347.8K | $350K | +0.6% |
| Washington County | $414.8K | $410K | -1.2% |
Housing Supply in Ramsey County, MN
How many homes are available in Ramsey County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,277 | 1,432 | +12.1% |
Summary: The Ramsey County real estate market had 1,432 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 89 | 97 | +9.0% |
| 2 Bedrooms | 278 | 323 | +16.2% |
| 3 Bedrooms | 526 | 555 | +5.5% |
| 4 Bedrooms | 272 | 327 | +20.2% |
| 5+ Bedrooms | 112 | 130 | +16.1% |
Summary: The Ramsey County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 300 | 382 | +27.3% |
Asking Price vs. Sold Price
136 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
168 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramsey County, you could pay more than the asking price. 44% of homes here sold above asking price last month.
Summary: A total of 382 homes were sold or pending in Ramsey County in March 2024, up by 27.3% month-over-month. Of the 382 sold homes, 36% were sold under asking, 20% were sold at asking, and 44% were sold over asking.
Days on Market for Ramsey County, MN
How long does it take to sell a home in Ramsey County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 36 Days | -10.1% |
Summary: Homes in Ramsey County had an average of 36 days on market in Mar 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
240 Homes Were Sold
Under 30 Days
90 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramsey County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 382 homes were sold in Ramsey County; 63% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
