Is Woodbury, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Woodbury has remained a Seller's Market.
Housing Prices in Woodbury, MN
How much do homes in Woodbury, MN cost?
Median Sold Price
$437,775
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Woodbury was $437,775 in February 2024, down 1.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $150K | -16.7% |
2 Bedrooms | $272K | $277K | +1.8% |
3 Bedrooms | $390K | $387K | -0.8% |
4 Bedrooms | $530K | $525.3K | -0.9% |
5+ Bedrooms | $663.3K | $652.1K | -1.7% |
Summary: Woodbury housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in Woodbury, MN
How many homes are available in Woodbury, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
230 | 286 | +24.3% |
Summary: The Woodbury real estate market had 286 homes for sale in February 2024, a 24.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 57 | 75 | +31.6% |
3 Bedrooms | 61 | 85 | +39.3% |
4 Bedrooms | 74 | 79 | +6.8% |
5+ Bedrooms | 38 | 47 | +23.7% |
Summary: The Woodbury housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 53 | +23.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Woodbury in February 2024, up by 23.3% month-over-month. Of the 53 sold homes, 49% were sold under asking, 21% were sold at asking, and 30% were sold over asking.
Days on Market for Woodbury, MN
How long does it take to sell a home in Woodbury, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 48 Days | +19.0% |
Summary: Homes in Woodbury had an average of 48 days on market in Feb 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 53 homes were sold in Woodbury; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.