Is Brook Park, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brook Park is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Brook Park has remained a Seller's Market.

Key Takeaway

Brook Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brook Park, MN

How much do homes in Brook Park, MN cost?

Median Sold Price

$292,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,000(+10.6%)

Key Takeaway

Homes in Brook Park have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Brook Park was $292,000 in October 2024, up 10.6% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$143K
-4.7%
2 $223K$236.9K
+6.3%
3 $283.5K$290K
+2.3%
4 $267.5K$335.7K
+25.5%
5+ $360K$467.2K
+29.8%

Summary: Brook Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 29.8%.

Median Sold Price Compared To Nearby Cities

Brook Park
+21.7%
Brook Park Township
+11.4%
Brook Park
+10.6%

Housing Supply in Brook Park, MN

How many homes are available in Brook Park, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1417+21.4%

Summary: The Brook Park real estate market had 17 homes for sale in October 2024, a 21.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 35
+66.7%
4 55
0.0%
5+ 11
0.0%

Summary: The Brook Park 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 20%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brook Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Brook Park in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Brook Park, MN

How long does it take to sell a home in Brook Park, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days42 Days+129.5%

Summary: Homes in Brook Park had an average of 42 days on market in Oct 2024, up by 129.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brook Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Brook Park; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Brook Park, MN

Nearby Markets to Brook Park, MN