$1,603 Closing Credit*
$135,000
720 SqFt
1 Bed
•1 Bath
Listing Office: Edina Realty, Inc.
Is Bredesen Park, 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, Bredesen Park has remained a Seller's Market.
Key Takeaway
Bredesen Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bredesen Park, MN
How much do homes in Bredesen Park, MN cost?
Median Sold Price
$262,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, down 6.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $155K | +2.6% |
| 2 Bedrooms | $255.5K | $232K | -9.2% |
| 3 Bedrooms | $515K | $605.7K | +17.6% |
| 4 Bedrooms | $834.2K | $801.5K | -3.9% |
| 5+ Bedrooms | $1.1M | $1.0M | -6.8% |
Summary: Bredesen Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Countryside | $622.5K | $667.5K | +7.2% |
| 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Bredesen Park real estate market had 22 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 7 | +250.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Bredesen Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were 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 6 homes were sold or pending in Bredesen Park in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 78 Days | +90.3% |
Summary: Homes in Bredesen Park had an average of 78 days on market in Oct 2024, up by 90.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bredesen Park has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Bredesen Park; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
