Is Fridley, 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, Fridley has remained a Seller's Market.
Housing Prices in Fridley, MN
How much do homes in Fridley, MN cost?
Median Sold Price
$315,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fridley was $315,000 in April 2024, up 2.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $121.4K | -10.0% |
2 Bedrooms | $250K | $262.5K | +5.0% |
3 Bedrooms | $304.9K | $310K | +1.7% |
4 Bedrooms | $335K | $340K | +1.5% |
5+ Bedrooms | $358K | $370K | +3.4% |
Summary: Fridley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Fridley | $308K | $315K | +2.3% |
New Brighton | $363K | $370K | +1.9% |
Spring Lake Park | $297.2K | $300K | +0.9% |
Mounds View | $320K | $317.5K | -0.8% |
Columbia Heights | $291K | $284.6K | -2.2% |
Housing Supply in Fridley, MN
How many homes are available in Fridley, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 73 | +19.7% |
Summary: The Fridley real estate market had 73 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 14 | 22 | +57.1% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Fridley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Fridley in April 2024, up by 66.7% month-over-month. Of the 25 sold homes, 12% were sold under asking, 24% were sold at asking, and 64% were sold over asking.
Days on Market for Fridley, MN
How long does it take to sell a home in Fridley, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 17 Days | +37.1% |
Summary: Homes in Fridley had an average of 17 days on market in Apr 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Fridley; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.