$3,799 Closing Credit*
$319,900
1,697 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Coon Rapids, 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, Coon Rapids has remained a Seller's Market.
Key Takeaway
Coon Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coon Rapids, MN
How much do homes in Coon Rapids, MN cost?
Median Sold Price
$325,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.6%)
Key Takeaway
Homes in Coon Rapids have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Coon Rapids was $325,000 in October 2024, up 1.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $169K | +35.2% |
| 2 Bedrooms | $241.9K | $250K | +3.3% |
| 3 Bedrooms | $315K | $315.3K | 0.1% |
| 4 Bedrooms | $351.5K | $368.5K | +4.8% |
| 5+ Bedrooms | $405K | $380K | -6.2% |
Summary: Coon Rapids housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Blaine | $368.8K | $382.1K | +3.6% |
| Coon Rapids | $320K | $325K | +1.6% |
| Brooklyn Park | $335K | $339.6K | +1.4% |
| Fridley | $312.1K | $315K | +0.9% |
| Anoka | $359.9K | $359.6K | -0.1% |
Housing Supply in Coon Rapids, MN
How many homes are available in Coon Rapids, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 208 | 231 | +11.1% |
Summary: The Coon Rapids real estate market had 231 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 52 | 62 | +19.2% |
| 3 Bedrooms | 77 | 79 | +2.6% |
| 4 Bedrooms | 59 | 73 | +23.7% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The Coon Rapids 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 19.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 58 | -15.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coon Rapids, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Coon Rapids in October 2024, down by 15.9% month-over-month. Of the 58 sold homes, 29% were sold under asking, 26% were sold at asking, and 45% were sold over asking.
Days on Market for Coon Rapids, MN
How long does it take to sell a home in Coon Rapids, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -3.4% |
Summary: Homes in Coon Rapids had an average of 26 days on market in Oct 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coon Rapids are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 58 homes were sold in Coon Rapids; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
