$6,649 Closing Credit*
$559,900
2,707 SqFt
5 Beds
•1 Full Bath
Listing Office: Keller Williams Realty Integrity
Is Dakota County, 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, Dakota County has remained a Seller's Market.
Key Takeaway
Dakota County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dakota County, MN
How much do homes in Dakota County, MN cost?
Median Sold Price
$389,973
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,606(+3.9%)
Key Takeaway
Homes in Dakota County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Dakota County was $389,973 in November 2024, up 3.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $140K | -6.7% |
| 2 Bedrooms | $255.7K | $260.5K | +1.9% |
| 3 Bedrooms | $358.5K | $365.9K | +2.0% |
| 4 Bedrooms | $445.3K | $450.4K | +1.1% |
| 5+ Bedrooms | $562.2K | $582.5K | +3.6% |
Summary: Dakota County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Counties
| Ramsey County | $309.9K | $324.9K | +4.9% |
| Dakota County | $375.3K | $389.9K | +3.9% |
| Rice County | $325.2K | $335K | +3.0% |
| Washington County | $408.5K | $419.7K | +2.7% |
| Scott County | $408.7K | $414.1K | +1.3% |
Housing Supply in Dakota County, MN
How many homes are available in Dakota County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,888 | 1,821 | -3.5% |
Summary: The Dakota County real estate market had 1,821 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 37 | +8.8% |
| 2 Bedrooms | 388 | 379 | -2.3% |
| 3 Bedrooms | 610 | 566 | -7.2% |
| 4 Bedrooms | 564 | 568 | +0.7% |
| 5+ Bedrooms | 292 | 271 | -7.2% |
Summary: The Dakota County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 7.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 497 | 369 | -25.8% |
Asking Price vs. Sold Price
167 Homes Were Sold
Under Asking
105 Homes Were Sold
At Asking
97 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dakota County, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.
Summary: A total of 369 homes were sold or pending in Dakota County in November 2024, down by 25.8% month-over-month. Of the 369 sold homes, 45% were sold under asking, 28% were sold at asking, and 26% were sold over asking.
Days on Market for Dakota County, MN
How long does it take to sell a home in Dakota County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 35 Days | +27.7% |
Summary: Homes in Dakota County had an average of 35 days on market in Nov 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
216 Homes Were Sold
Under 30 Days
119 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dakota County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 369 homes were sold in Dakota County; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
