Is Eden Prairie, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Eden Prairie has remained a Seller's Market.
Housing Prices in Eden Prairie, MN
How much do homes in Eden Prairie, MN cost?
Median Sold Price
$459,866
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Eden Prairie was $459,866 in April 2024, up 0.4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.5K | $184.9K | -7.3% |
2 Bedrooms | $269.9K | $277.4K | +2.8% |
3 Bedrooms | $401K | $419.5K | +4.6% |
4 Bedrooms | $520K | $555.7K | +6.9% |
5+ Bedrooms | $728.5K | $760K | +4.3% |
Summary: Eden Prairie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Shakopee | $365.3K | $394.9K | +8.1% |
Minnetonka | $440K | $468.7K | +6.5% |
Chanhassen | $501.3K | $528.8K | +5.5% |
Eden Prairie | $458.1K | $459.8K | 0.4% |
Edina | $583.1K | $580K | -0.5% |
Housing Supply in Eden Prairie, MN
How many homes are available in Eden Prairie, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
201 | 240 | +19.4% |
Summary: The Eden Prairie real estate market had 240 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 37 | 49 | +32.4% |
3 Bedrooms | 64 | 72 | +12.5% |
4 Bedrooms | 52 | 57 | +9.6% |
5+ Bedrooms | 44 | 57 | +29.5% |
Summary: The Eden Prairie housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 29.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 53 | -8.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Eden Prairie in April 2024, down by 8.6% month-over-month. Of the 53 sold homes, 34% were sold under asking, 19% were sold at asking, and 47% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 22 Days | +18.4% |
Summary: Homes in Eden Prairie had an average of 22 days on market in Apr 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 53 homes were sold in Eden Prairie; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.