Is Washington County, 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, Washington County has remained a Seller's Market.
Key Takeaway
Washington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington County, MN
How much do homes in Washington County, MN cost?
Median Sold Price
$413,153
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Washington County have sold for 1% more than they did a year ago.
Summary: The median home sold price in Washington County was $413,153 in May 2024, up 1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206K | $240K | +16.5% |
| 2 Bedrooms | $275K | $279.9K | +1.8% |
| 3 Bedrooms | $374.7K | $377K | +0.6% |
| 4 Bedrooms | $499.5K | $494.3K | -1.0% |
| 5+ Bedrooms | $623.2K | $607K | -2.6% |
Summary: Washington County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Counties
| Dakota County | $371.2K | $387K | +4.3% |
| Ramsey County | $306.9K | $319.9K | +4.2% |
| Chisago County | $347.9K | $360K | +3.5% |
| Saint Croix County | $369.9K | $374.8K | +1.3% |
| Washington County | $409.2K | $413.1K | +1.0% |
Housing Supply in Washington County, MN
How many homes are available in Washington County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,343 | 1,616 | +20.3% |
Summary: The Washington County real estate market had 1,616 homes for sale in May 2024, a 20.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 250 | 258 | +3.2% |
| 3 Bedrooms | 483 | 597 | +23.6% |
| 4 Bedrooms | 365 | 479 | +31.2% |
| 5+ Bedrooms | 237 | 272 | +14.8% |
Summary: The Washington County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 325 | 357 | +9.8% |
Asking Price vs. Sold Price
120 Homes Were Sold
Under Asking
89 Homes Were Sold
At Asking
148 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington County, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 357 homes were sold or pending in Washington County in May 2024, up by 9.8% month-over-month. Of the 357 sold homes, 34% were sold under asking, 25% were sold at asking, and 41% were sold over asking.
Days on Market for Washington County, MN
How long does it take to sell a home in Washington County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 32 Days | +10.5% |
Summary: Homes in Washington County had an average of 32 days on market in May 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
236 Homes Were Sold
Under 30 Days
78 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 357 homes were sold in Washington County; 66% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
