Is White Bear Lake, 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, White Bear Lake has remained a Seller's Market.
Housing Prices in White Bear Lake, MN
How much do homes in White Bear Lake, MN cost?
Median Sold Price
$346,394
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in White Bear Lake was $346,394 in April 2024, up 4.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $272.5K | +67.7% |
2 Bedrooms | $279.5K | $283.5K | +1.4% |
3 Bedrooms | $328.2K | $340K | +3.6% |
4 Bedrooms | $361.4K | $377K | +4.3% |
5+ Bedrooms | $451.5K | $455K | +0.8% |
Summary: White Bear Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Mahtomedi | $411.5K | $477.7K | +16.1% |
White Bear Lake | $331K | $346.3K | +4.7% |
White Bear Township | $395K | $385K | -2.5% |
Vadnais Heights | $350K | $318.5K | -9.0% |
Housing Supply in White Bear Lake, MN
How many homes are available in White Bear Lake, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 69 | +9.5% |
Summary: The White Bear Lake real estate market had 69 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 26 | 24 | -7.7% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The White Bear Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in White Bear Lake in April 2024, up by 9.1% month-over-month. Of the 24 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for White Bear Lake, MN
How long does it take to sell a home in White Bear Lake, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 12 Days | +16.3% |
Summary: Homes in White Bear Lake had an average of 12 days on market in Apr 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in White Bear Lake; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.