Is East Hillside, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Hillside is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, East Hillside was a Seller's Market.

Key Takeaway

East Hillside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in East Hillside, MN

How much do homes in East Hillside, MN cost?

Median Sold Price

$150,000

$152/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$60,000(-28.6%)

Key Takeaway

Homes in East Hillside have sold for 28.6% less than they did a month ago.

Summary: The median home sold price in East Hillside was $150,000 in September 2024, down 28.6% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 $210K-
N/A
2 $255K-
N/A
3 $209.9K$150K
-28.5%
4 $239.7K$225.5K
-5.9%
5+ --
N/A

Summary: East Hillside housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 28.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Kenwood
+75.6%
Central Hillside
+9.6%
Endion
-25.8%
East Hillside
-28.6%
Chester Park
-29.2%

Housing Supply in East Hillside, MN

How many homes are available in East Hillside, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1619+18.8%

Summary: The East Hillside real estate market had 19 homes for sale in September 2024, a 18.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 33
0.0%
3 910
+11.1%
4 35
+66.7%
5+ 00
0.0%

Summary: The East Hillside housing inventory by bedroom type for September 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 11.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Hillside, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in East Hillside in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for East Hillside, MN

How long does it take to sell a home in East Hillside, MN?

Average Sale Time

Aug 2024Sep 2024CHANGE
4 Days17 Days+274.7%

Summary: Homes in East Hillside had an average of 17 days on market in Sep 2024, up by 274.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Hillside are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in East Hillside; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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