$18,900
Land
Listing Office: LakeLine Realty
Is Brook 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $143K | -4.7% |
| 2 Bedrooms | $223K | $236.9K | +6.3% |
| 3 Bedrooms | $283.5K | $290K | +2.3% |
| 4 Bedrooms | $267.5K | $335.7K | +25.5% |
| 5+ Bedrooms | $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 | $240K | $292K | +21.7% |
| Brook Park Township | $264K | $294K | +11.4% |
| Brook Park | $264K | $292K | +10.6% |
Housing Supply in Brook Park, MN
How many homes are available in Brook Park, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 42 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
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.
