Is Rosemount, 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, Rosemount has remained a Seller's Market.
Key Takeaway
Rosemount is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rosemount, MN
How much do homes in Rosemount, MN cost?
Median Sold Price
$392,467
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rosemount have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Rosemount was $392,467 in March 2024, up 1.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $189.5K | -4.3% |
| 2 Bedrooms | $275K | $284K | +3.3% |
| 3 Bedrooms | $350.5K | $360.4K | +2.8% |
| 4 Bedrooms | $460K | $486.7K | +5.8% |
| 5+ Bedrooms | $580K | $581.4K | 0.3% |
Summary: Rosemount housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Apple Valley | $350K | $366K | +4.6% |
| Rosemount | $385.9K | $392.4K | +1.7% |
| Eagan | $372.5K | $378.8K | +1.7% |
Housing Supply in Rosemount, MN
How many homes are available in Rosemount, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 166 | 197 | +18.7% |
Summary: The Rosemount real estate market had 197 homes for sale in March 2024, a 18.7% 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 | 25 | 29 | +16.0% |
| 3 Bedrooms | 55 | 69 | +25.5% |
| 4 Bedrooms | 56 | 63 | +12.5% |
| 5+ Bedrooms | 30 | 36 | +20.0% |
Summary: The Rosemount 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 16%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rosemount, expect to pay close to the asking price. 41.3% of homes here sold near the asking price last month.
Summary: A total of 46 homes were sold or pending in Rosemount in March 2024, up by 9.5% month-over-month. Of the 46 sold homes, 28% were sold under asking, 41% were sold at asking, and 30% were sold over asking.
Days on Market for Rosemount, MN
How long does it take to sell a home in Rosemount, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 30 Days | -13.9% |
Summary: Homes in Rosemount had an average of 30 days on market in Mar 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rosemount are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 46 homes were sold in Rosemount; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
