$4,382 Closing Credit*
$369,000
945 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Brooklyn Center, 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, Brooklyn Center has remained a Seller's Market.
Key Takeaway
Brooklyn Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklyn Center, MN
How much do homes in Brooklyn Center, MN cost?
Median Sold Price
$290,000
$166/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Brooklyn Center has remained the same since last year.
Summary: The median home sold price in Brooklyn Center was $290,000 in October 2024, the same as last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.5K | $129.9K | +4.3% |
| 2 Bedrooms | $220K | $225K | +2.3% |
| 3 Bedrooms | $285K | $285K | 0.0% |
| 4 Bedrooms | $310K | $315K | +1.6% |
| 5+ Bedrooms | $349.9K | $329.5K | -5.8% |
Summary: Brooklyn Center housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 2.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Crystal | $297.6K | $315K | +5.8% |
| Brooklyn Park | $335K | $339.6K | +1.4% |
| Robbinsdale | $310K | $313.6K | +1.2% |
| Fridley | $312.1K | $315K | +0.9% |
| Brooklyn Center | $290K | $290K | 0.0% |
Housing Supply in Brooklyn Center, MN
How many homes are available in Brooklyn Center, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 94 | +10.6% |
Summary: The Brooklyn Center real estate market had 94 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 42 | 51 | +21.4% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Brooklyn Center housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklyn Center, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Brooklyn Center in October 2024, up by 21.1% month-over-month. Of the 23 sold homes, 39% were sold under asking, 17% were sold at asking, and 43% were sold over asking.
Days on Market for Brooklyn Center, MN
How long does it take to sell a home in Brooklyn Center, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 26 Days | +79.6% |
Summary: Homes in Brooklyn Center had an average of 26 days on market in Oct 2024, up by 79.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brooklyn Center are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Brooklyn Center; 57% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
