$8,063 Closing Credit*
$679,000
2,455 SqFt
5 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Deephaven, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,140,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$253,750(+28.6%)
Key Takeaway
Homes in Deephaven have sold for 28.6% more than they did a year ago.
Summary: The median home sold price in Deephaven was $1,140,000 in November 2024, up 28.6% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $464.8K | - | N/A |
| 3 Bedrooms | $578.5K | $658K | +13.7% |
| 4 Bedrooms | $900K | $1.3M | +54.4% |
| 5+ Bedrooms | $1.6M | $1.3M | -17.3% |
Summary: Deephaven housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 54.4%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Deephaven | $886.2K | $1.1M | +28.6% |
| Minnetonka | $458.2K | $494.3K | +7.9% |
| Shorewood | $767.5K | $650K | -15.3% |
Housing Supply in Deephaven, MN
How many homes are available in Deephaven, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The Deephaven real estate market had 19 homes for sale in November 2024, a 5.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Deephaven housing inventory by bedroom type for November 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were 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 2 homes were sold or pending in Deephaven in November 2024, up by 100.0% month-over-month. Of the 2 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 77 Days | +696.6% |
Summary: Homes in Deephaven had an average of 77 days on market in Nov 2024, up by 696.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Deephaven are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Deephaven; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
