Is Robbinsdale, 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, Robbinsdale has remained a Seller's Market.
Key Takeaway
Robbinsdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Robbinsdale, MN
How much do homes in Robbinsdale, MN cost?
Median Sold Price
$315,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Robbinsdale have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Robbinsdale was $315,000 in April 2024, up 2.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48.9K | $150K | +206.4% |
| 2 Bedrooms | $240.6K | $250K | +3.9% |
| 3 Bedrooms | $301.1K | $310K | +2.9% |
| 4 Bedrooms | $344.5K | $359.9K | +4.5% |
| 5+ Bedrooms | $370K | $378K | +2.2% |
Summary: Robbinsdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 206.4%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Brooklyn Center | $276.5K | $292K | +5.6% |
| Minneapolis | $334.3K | $343.6K | +2.8% |
| Robbinsdale | $308.4K | $315K | +2.1% |
| Crystal | $300K | $306.2K | +2.1% |
Housing Supply in Robbinsdale, MN
How many homes are available in Robbinsdale, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 66 | +13.8% |
Summary: The Robbinsdale real estate market had 66 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Robbinsdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Robbinsdale, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Robbinsdale in April 2024, the same as the previous month. Of the 19 sold homes, 37% were sold under asking, 11% were sold at asking, and 53% were sold over asking.
Days on Market for Robbinsdale, MN
How long does it take to sell a home in Robbinsdale, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -24.6% |
Summary: Homes in Robbinsdale had an average of 20 days on market in Apr 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Robbinsdale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Robbinsdale; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
