$4,393 Closing Credit*
$369,900
1,820 SqFt
5 Beds
•1 Full Bath
Listing Office: HomeAvenue Inc
Is Blaine, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Blaine has remained a Seller's Market.
Key Takeaway
Blaine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blaine, MN
How much do homes in Blaine, MN cost?
Median Sold Price
$380,077
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,577(+1.8%)
Key Takeaway
Homes in Blaine have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Blaine was $380,077 in November 2024, up 1.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $598.5K | $250K | -58.2% |
| 2 Bedrooms | $275K | $279.2K | +1.6% |
| 3 Bedrooms | $352.3K | $353.4K | 0.3% |
| 4 Bedrooms | $440.6K | $449.9K | +2.1% |
| 5+ Bedrooms | $530.3K | $585K | +10.3% |
Summary: Blaine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Shoreview | $355.6K | $401K | +12.8% |
| Circle Pines | $350.3K | $360K | +2.8% |
| Blaine | $373.5K | $380K | +1.8% |
| Coon Rapids | $322.9K | $325K | +0.6% |
Housing Supply in Blaine, MN
How many homes are available in Blaine, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 338 | 304 | -10.1% |
Summary: The Blaine real estate market had 304 homes for sale in November 2024, a 10.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 51 | 48 | -5.9% |
| 3 Bedrooms | 118 | 107 | -9.3% |
| 4 Bedrooms | 90 | 83 | -7.8% |
| 5+ Bedrooms | 78 | 64 | -17.9% |
Summary: The Blaine housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 79 | -20.2% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blaine, you may be able to get a good deal. 45.6% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Blaine in November 2024, down by 20.2% month-over-month. Of the 79 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% were sold over asking.
Days on Market for Blaine, MN
How long does it take to sell a home in Blaine, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 38 Days | +52.8% |
Summary: Homes in Blaine had an average of 38 days on market in Nov 2024, up by 52.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blaine are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 79 homes were sold in Blaine; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
