$1,424 Closing Credit*
$119,900
1,010 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: eXp Realty
Is Burnsville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$375,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$19,666(+5.5%)
Key Takeaway
Homes in Burnsville have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Burnsville was $375,000 in December 2024, up 5.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.2K | $105K | +12.6% |
| 2 Bedrooms | $243K | $246K | +1.2% |
| 3 Bedrooms | $360K | $365K | +1.4% |
| 4 Bedrooms | $407K | $412.7K | +1.4% |
| 5+ Bedrooms | $452K | $445.5K | -1.4% |
Summary: Burnsville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Burnsville | $355.3K | $375K | +5.5% |
| Apple Valley | $360K | $374.9K | +4.2% |
| Bloomington | $359.5K | $364.7K | +1.5% |
| Eagan | $375K | $378.9K | +1.1% |
| Lakeville | $483.1K | $486K | +0.6% |
Housing Supply in Burnsville, MN
How many homes are available in Burnsville, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 187 | 155 | -17.1% |
Summary: The Burnsville real estate market had 155 homes for sale in December 2024, a 17.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 50 | 48 | -4.0% |
| 3 Bedrooms | 65 | 50 | -23.1% |
| 4 Bedrooms | 43 | 36 | -16.3% |
| 5+ Bedrooms | 21 | 13 | -38.1% |
Summary: The Burnsville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes decreased by 38.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnsville, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Burnsville in December 2024, up by 8.2% month-over-month. Of the 53 sold homes, 51% were sold under asking, 30% were sold at asking, and 19% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 47 Days | +71.3% |
Summary: Homes in Burnsville had an average of 47 days on market in Dec 2024, up by 71.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Burnsville has remained consistent over time.
Summary: During December 2024, 53 homes were sold in Burnsville; 42% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
