Is Maple Grove, 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, Maple Grove has remained a Seller's Market.
Key Takeaway
Maple Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Grove, MN
How much do homes in Maple Grove, MN cost?
Median Sold Price
$403,426
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Maple Grove have sold for 1% more than they did a year ago.
Summary: The median home sold price in Maple Grove was $403,426 in May 2024, up 1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $230K | -17.9% |
| 2 Bedrooms | $279.4K | $284K | +1.6% |
| 3 Bedrooms | $359.9K | $360.2K | 0.1% |
| 4 Bedrooms | $477.4K | $475K | -0.5% |
| 5+ Bedrooms | $650K | $693K | +6.6% |
Summary: Maple Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Osseo | $410K | $515K | +25.6% |
| Brooklyn Park | $330.6K | $338.5K | +2.4% |
| Maple Grove | $399.3K | $403.4K | +1.0% |
| Champlin | $367.4K | $364K | -0.9% |
| Corcoran | $565.4K | $551.9K | -2.4% |
Housing Supply in Maple Grove, MN
How many homes are available in Maple Grove, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 357 | 453 | +26.9% |
Summary: The Maple Grove real estate market had 453 homes for sale in May 2024, a 26.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 57 | 80 | +40.4% |
| 3 Bedrooms | 118 | 152 | +28.8% |
| 4 Bedrooms | 109 | 130 | +19.3% |
| 5+ Bedrooms | 73 | 90 | +23.3% |
Summary: The Maple Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40.4%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 | 101 | +2.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Grove, you could pay more than the asking price. 50.5% of homes here sold above asking price last month.
Summary: A total of 101 homes were sold or pending in Maple Grove in May 2024, up by 2.0% month-over-month. Of the 101 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Maple Grove, MN
How long does it take to sell a home in Maple Grove, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 21 Days | +7.7% |
Summary: Homes in Maple Grove had an average of 21 days on market in May 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Grove are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 101 homes were sold in Maple Grove; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
