$3,088 Closing Credit*
$260,000
1,430 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Burnsville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Burnsville has remained a Seller's Market.
Key Takeaway
Burnsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burnsville, MN
How much do homes in Burnsville, MN cost?
Median Sold Price
$374,200
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,106(+5.4%)
Key Takeaway
Homes in Burnsville have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Burnsville was $374,200 in November 2024, up 5.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.7K | $102.3K | +6.9% |
| 2 Bedrooms | $240K | $244.5K | +1.9% |
| 3 Bedrooms | $360K | $365K | +1.4% |
| 4 Bedrooms | $405K | $412.5K | +1.9% |
| 5+ Bedrooms | $445K | $445.5K | 0.1% |
Summary: Burnsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Burnsville | $355K | $374.2K | +5.4% |
| Apple Valley | $360K | $373.6K | +3.8% |
| Eagan | $369.6K | $375.1K | +1.5% |
| Lakeville | $482.2K | $487.7K | +1.1% |
| Bloomington | $357.5K | $361.1K | +1.0% |
Housing Supply in Burnsville, MN
How many homes are available in Burnsville, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 219 | 205 | -6.4% |
Summary: The Burnsville real estate market had 205 homes for sale in November 2024, a 6.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 55 | 55 | 0.0% |
| 3 Bedrooms | 77 | 68 | -11.7% |
| 4 Bedrooms | 52 | 49 | -5.8% |
| 5+ Bedrooms | 26 | 23 | -11.5% |
Summary: The Burnsville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 45 | -22.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnsville, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 45 homes were sold or pending in Burnsville in November 2024, down by 22.4% month-over-month. Of the 45 sold homes, 36% were sold under asking, 44% were sold at asking, and 20% were sold over asking.
Days on Market for Burnsville, MN
How long does it take to sell a home in Burnsville, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 41 Days | +48.2% |
Summary: Homes in Burnsville had an average of 41 days on market in Nov 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burnsville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 45 homes were sold in Burnsville; 58% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
