$3,325 Closing Credit*
$280,000
1,083 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Brook Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$248,500
$148/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$26,500(-9.6%)
Key Takeaway
Homes in Brook Park have sold for 9.6% less than they did a month ago.
Summary: The median home sold price in Brook Park was $248,500 in November 2024, down 9.6% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $135K | -40.0% |
| 3 Bedrooms | - | $362K | N/A |
| 4 Bedrooms | $397K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Brook Park housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Brook Park | $275K | $248.5K | -9.6% |
| Brook Park Township | $275K | $248.5K | -9.6% |
| Brook Park | $275K | $248.5K | -9.6% |
Housing Supply in Brook Park, MN
How many homes are available in Brook Park, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Brook Park real estate market had 10 homes for sale in November 2024, a 28.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brook 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 60%, 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
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brook Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Brook Park in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 6 Days | -86.0% |
Summary: Homes in Brook Park had an average of 6 days on market in Nov 2024, down by 86% compared to last month.
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 Brook Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Brook 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.
