Is Washington 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, Washington County has remained a Seller's Market.
Housing Prices in Washington County, MN
How much do homes in Washington County, MN cost?
Median Sold Price
$410,005
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Washington County was $410,005 in March 2024, down 1.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $212K | +1.0% |
2 Bedrooms | $275K | $277.6K | +1.0% |
3 Bedrooms | $374.4K | $374.9K | 0.2% |
4 Bedrooms | $504.9K | $489.2K | -3.1% |
5+ Bedrooms | $630K | $608.4K | -3.4% |
Summary: Washington County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
Dakota County | $371K | $384.5K | +3.6% |
Saint Croix County | $363.7K | $374K | +2.8% |
Ramsey County | $309.7K | $315K | +1.7% |
Chisago County | $349.8K | $354.5K | +1.3% |
Washington County | $414.8K | $410K | -1.2% |
Housing Supply in Washington County, MN
How many homes are available in Washington County, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,084 | 1,198 | +10.5% |
Summary: The Washington County real estate market had 1,198 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 223 | 225 | +0.9% |
3 Bedrooms | 390 | 434 | +11.3% |
4 Bedrooms | 309 | 349 | +12.9% |
5+ Bedrooms | 156 | 184 | +17.9% |
Summary: The Washington County 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 0.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
231 | 240 | +3.9% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
79 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Summary: A total of 240 homes were sold or pending in Washington County in March 2024, up by 3.9% month-over-month. Of the 240 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% were sold over asking.
Days on Market for Washington County, MN
How long does it take to sell a home in Washington County, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 42 Days | -3.1% |
Summary: Homes in Washington County had an average of 42 days on market in Mar 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
135 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During March 2024, 240 homes were sold in Washington County; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.