Is Vadnais Heights, 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, Vadnais Heights has remained a Seller's Market.
Key Takeaway
Vadnais Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vadnais Heights, MN
How much do homes in Vadnais Heights, MN cost?
Median Sold Price
$328,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Vadnais Heights have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Vadnais Heights was $328,500 in March 2024, down 8.8% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244K | $242.5K | -0.6% |
| 3 Bedrooms | $362.5K | $360.9K | -0.4% |
| 4 Bedrooms | $445.8K | $473K | +6.1% |
| 5+ Bedrooms | $527K | $551.6K | +4.7% |
Summary: Vadnais Heights 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 decreased by 0.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| White Bear Lake | $330K | $346.3K | +5.0% |
| White Bear Township | $391K | $380K | -2.8% |
| Vadnais Heights | $360K | $328.5K | -8.8% |
| North Oaks | $960K | $836K | -12.9% |
Housing Supply in Vadnais Heights, MN
How many homes are available in Vadnais Heights, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 55 | +31.0% |
Summary: The Vadnais Heights real estate market had 55 homes for sale in March 2024, a 31.0% 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 | 19 | 22 | +15.8% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Vadnais Heights 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 15.8%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vadnais Heights, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Vadnais Heights in March 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Vadnais Heights, MN
How long does it take to sell a home in Vadnais Heights, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 42 Days | +51.7% |
Summary: Homes in Vadnais Heights had an average of 42 days on market in Mar 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vadnais Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Vadnais Heights; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
