$7,125 Closing Credit*
$600,000
2,446 SqFt
3 Beds
•1 Full Bath
Listing Office: Real Broker, LLC
Is Bredesen Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bredesen Park was a Seller's Market.
Key Takeaway
Bredesen Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bredesen Park, MN
How much do homes in Bredesen Park, MN cost?
Median Sold Price
$262,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,500(-6.3%)
Key Takeaway
Homes in Bredesen Park have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Bredesen Park was $262,500 in November 2024, down 6.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.5K | $156.1K | +3.7% |
| 2 Bedrooms | $267.5K | $227.5K | -15.0% |
| 3 Bedrooms | $507.4K | $627.8K | +23.7% |
| 4 Bedrooms | $834.2K | $785.7K | -5.8% |
| 5+ Bedrooms | $1.1M | $1.0M | -6.8% |
Summary: Bredesen Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Countryside | $677.1K | $667.5K | -1.4% |
| Bredesen Park | $280K | $262.5K | -6.3% |
Housing Supply in Bredesen Park, MN
How many homes are available in Bredesen Park, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Bredesen Park real estate market had 19 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bredesen Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bredesen Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bredesen Park in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bredesen Park, MN
How long does it take to sell a home in Bredesen Park, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 9 Days | -87.8% |
Summary: Homes in Bredesen Park had an average of 9 days on market in Nov 2024, down by 87.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bredesen Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Bredesen Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
