$4,928 Closing Credit*
$415,000
1,880 SqFt
4 Beds
•1 Full Bath
Listing Office: Keller Williams Premier Realty Lake Minnetonka
Is Eden Prairie, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$465,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,017(+1.1%)
Key Takeaway
Homes in Eden Prairie have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Eden Prairie was $465,000 in October 2024, up 1.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $195K | +4.8% |
| 2 Bedrooms | $280K | $270K | -3.6% |
| 3 Bedrooms | $415.5K | $408.5K | -1.7% |
| 4 Bedrooms | $538.5K | $569K | +5.7% |
| 5+ Bedrooms | $740K | $785K | +6.1% |
Summary: Eden Prairie housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Minnetonka | $455.3K | $496.7K | +9.1% |
| Chanhassen | $510K | $546K | +7.1% |
| Edina | $580.6K | $612.1K | +5.4% |
| Shakopee | $380K | $394.4K | +3.8% |
| Eden Prairie | $459.9K | $465K | +1.1% |
Housing Supply in Eden Prairie, MN
How many homes are available in Eden Prairie, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 241 | 255 | +5.8% |
Summary: The Eden Prairie real estate market had 255 homes for sale in October 2024, a 5.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 56 | 51 | -8.9% |
| 3 Bedrooms | 67 | 79 | +17.9% |
| 4 Bedrooms | 65 | 69 | +6.2% |
| 5+ Bedrooms | 50 | 52 | +4.0% |
Summary: The Eden Prairie housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 64 | +3.2% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
18 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% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Eden Prairie in October 2024, up by 3.2% month-over-month. Of the 64 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +25.8% |
Summary: Homes in Eden Prairie had an average of 38 days on market in Oct 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 64 homes were sold in Eden Prairie; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
