$10,000 Closing Credit*
$1,799,900
4,829 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: Verde Real Estate Group
Is Deephaven, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Deephaven was a Seller's Market.
Key Takeaway
Deephaven is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Deephaven, MN
How much do homes in Deephaven, MN cost?
Median Sold Price
$1,100,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$253,750(+30.0%)
Key Takeaway
Homes in Deephaven have sold for 30% more than they did a year ago.
Summary: The median home sold price in Deephaven was $1,100,000 in October 2024, up 30% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $464.8K | $406.5K | -12.5% |
| 3 Bedrooms | $577K | $658K | +14.0% |
| 4 Bedrooms | $900K | $1.2M | +41.7% |
| 5+ Bedrooms | $1.4M | $1.3M | -3.6% |
Summary: Deephaven housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Deephaven | $846.2K | $1.1M | +30.0% |
| Minnetonka | $455.3K | $496.7K | +9.1% |
| Shorewood | $775K | $657.5K | -15.2% |
Housing Supply in Deephaven, MN
How many homes are available in Deephaven, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Deephaven real estate market had 20 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Deephaven 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deephaven, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Deephaven in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Deephaven, MN
How long does it take to sell a home in Deephaven, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 122 Days | +44.4% |
Summary: Homes in Deephaven had an average of 122 days on market in Oct 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Deephaven are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Deephaven; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
