Is Golden Valley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Golden Valley has remained a Seller's Market.
Key Takeaway
Golden Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Golden Valley, MN
How much do homes in Golden Valley, MN cost?
Median Sold Price
$425,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Golden Valley have sold for 1% less than they did a year ago.
Summary: The median home sold price in Golden Valley was $425,000 in May 2024, down 1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | $60K | -55.5% |
| 2 Bedrooms | $272.5K | $266.2K | -2.3% |
| 3 Bedrooms | $385K | $395K | +2.6% |
| 4 Bedrooms | $482.5K | $561.5K | +16.4% |
| 5+ Bedrooms | $670K | $642K | -4.2% |
Summary: Golden Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.5%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Crystal | $300K | $309K | +3.0% |
| Saint Louis Park | $365K | $375K | +2.7% |
| New Hope | $329.1K | $335K | +1.8% |
| Robbinsdale | $309.5K | $311.5K | +0.6% |
| Golden Valley | $429.2K | $425K | -1.0% |
Housing Supply in Golden Valley, MN
How many homes are available in Golden Valley, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 122 | +31.2% |
Summary: The Golden Valley real estate market had 122 homes for sale in May 2024, a 31.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 30 | 39 | +30.0% |
| 4 Bedrooms | 29 | 43 | +48.3% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Golden Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 48.3%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 21 | -27.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Golden Valley, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Golden Valley in May 2024, down by 27.6% month-over-month. Of the 21 sold homes, 62% were sold under asking, 5% were sold at asking, and 33% were sold over asking.
Days on Market for Golden Valley, MN
How long does it take to sell a home in Golden Valley, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 24 Days | -4.2% |
Summary: Homes in Golden Valley had an average of 24 days on market in May 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Golden Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Golden Valley; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
