$3,800 Closing Credit*
$320,000
2,039 SqFt
4 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Blaine, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$382,124
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,280(+3.6%)
Key Takeaway
Homes in Blaine have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Blaine was $382,124 in October 2024, up 3.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $598.5K | $257.5K | -57.0% |
| 2 Bedrooms | $275K | $276K | 0.4% |
| 3 Bedrooms | $350K | $354.1K | +1.2% |
| 4 Bedrooms | $447.8K | $450K | 0.5% |
| 5+ Bedrooms | $540K | $580.4K | +7.5% |
Summary: Blaine housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Shoreview | $353.5K | $400K | +13.2% |
| Circle Pines | $350K | $365K | +4.3% |
| Blaine | $368.8K | $382.1K | +3.6% |
| Coon Rapids | $320K | $325K | +1.6% |
Housing Supply in Blaine, MN
How many homes are available in Blaine, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 343 | 357 | +4.1% |
Summary: The Blaine real estate market had 357 homes for sale in October 2024, a 4.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 51 | 52 | +2.0% |
| 3 Bedrooms | 117 | 124 | +6.0% |
| 4 Bedrooms | 104 | 101 | -2.9% |
| 5+ Bedrooms | 70 | 79 | +12.9% |
Summary: The Blaine housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 90 | +5.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
29 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. 37.8% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in Blaine in October 2024, up by 5.9% month-over-month. Of the 90 sold homes, 38% were sold under asking, 32% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +4.6% |
Summary: Homes in Blaine had an average of 31 days on market in Oct 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 90 homes were sold in Blaine; 64% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
