$10,000 Closing Credit*
$1,425,000
3,892 SqFt
5 Beds
•2 Full Baths
Listing Office: Edina Realty, Inc.
Is Eden Prairie, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Eden Prairie has remained a Seller's Market.
Key Takeaway
Eden Prairie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eden Prairie, MN
How much do homes in Eden Prairie, MN cost?
Median Sold Price
$461,875
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$125(0%)
Key Takeaway
The sold price of homes in Eden Prairie has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $194.5K | +4.6% |
| 2 Bedrooms | $280K | $270K | -3.6% |
| 3 Bedrooms | $415K | $406.5K | -2.0% |
| 4 Bedrooms | $536K | $569K | +6.2% |
| 5+ Bedrooms | $749.9K | $779.9K | +4.0% |
Summary: Eden Prairie housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Chanhassen | $500K | $553.6K | +10.7% |
| Minnetonka | $445K | $488K | +9.7% |
| Edina | $586.9K | $613.3K | +4.5% |
| Shakopee | $377.3K | $391.5K | +3.8% |
| Eden Prairie | $462K | $461.8K | 0% |
Housing Supply in Eden Prairie, MN
How many homes are available in Eden Prairie, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 261 | 260 | -0.4% |
Summary: The Eden Prairie real estate market had 260 homes for sale in September 2024, a 0.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 53 | 63 | +18.9% |
| 3 Bedrooms | 73 | 68 | -6.8% |
| 4 Bedrooms | 68 | 71 | +4.4% |
| 5+ Bedrooms | 65 | 55 | -15.4% |
Summary: The Eden Prairie housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 18.9%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 77 | 55 | -28.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eden Prairie, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Eden Prairie in September 2024, down by 28.6% month-over-month. Of the 55 sold homes, 51% were sold under asking, 20% were sold at asking, and 29% were sold over asking.
Days on Market for Eden Prairie, MN
How long does it take to sell a home in Eden Prairie, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 32 Days | +53.1% |
Summary: Homes in Eden Prairie had an average of 32 days on market in Sep 2024, up by 53.1% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eden Prairie are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 55 homes were sold in Eden Prairie; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
