Is Ramsey, 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 has remained a Seller's Market.
Housing Prices in Ramsey, MN
How much do homes in Ramsey, MN cost?
Median Sold Price
$369,990
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ramsey was $369,990 in March 2024, down 1.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $252.5K | $256.9K | +1.8% |
3 Bedrooms | $344.9K | $337.5K | -2.1% |
4 Bedrooms | $412K | $404.5K | -1.8% |
5+ Bedrooms | $453K | $449.9K | -0.7% |
Summary: Ramsey housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in Ramsey, MN
How many homes are available in Ramsey, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
139 | 155 | +11.5% |
Summary: The Ramsey real estate market had 155 homes for sale in March 2024, a 11.5% 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 | 10 | 11 | +10.0% |
3 Bedrooms | 61 | 75 | +23.0% |
4 Bedrooms | 40 | 45 | +12.5% |
5+ Bedrooms | 28 | 24 | -14.3% |
Summary: The Ramsey 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 increased by 10%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 28 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Ramsey in March 2024, the same as the previous month. Of the 28 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 46 Days | +69.7% |
Summary: Homes in Ramsey had an average of 46 days on market in Mar 2024, up by 69.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Ramsey; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.