Is Elliot Park, 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, Elliot Park has remained a Buyer's Market.
Housing Prices in Elliot Park, MN
How much do homes in Elliot Park, MN cost?
Median Sold Price
$328,500
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elliot Park was $328,500 in April 2024, down 2.2% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $223K | -7.1% |
2 Bedrooms | $375K | $363K | -3.2% |
3 Bedrooms | $602.5K | $692.5K | +14.9% |
4 Bedrooms | $1.0M | $380K | -63.8% |
5+ Bedrooms | - | - | N/A |
Summary: Elliot Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 63.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Central | $325.6K | $340K | +4.4% |
Downtown East | $607.5K | $612K | +0.7% |
Elliot Park | $336K | $328.5K | -2.2% |
Housing Supply in Elliot Park, MN
How many homes are available in Elliot Park, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The Elliot Park real estate market had 45 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 25 | 30 | +20.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elliot Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Elliot Park in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Elliot Park, MN
How long does it take to sell a home in Elliot Park, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 72 Days | +74.6% |
Summary: Homes in Elliot Park had an average of 72 days on market in Apr 2024, up by 74.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Elliot Park; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.