$4,453 Closing Credit*
$375,000
1,146 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Select Realty
Is Elliot Park, 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, Elliot Park was a Seller's Market.
Key Takeaway
Elliot Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elliot Park, MN
How much do homes in Elliot Park, MN cost?
Median Sold Price
$353,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+7.0%)
Key Takeaway
Homes in Elliot Park have sold for 7% more than they did a year ago.
Summary: The median home sold price in Elliot Park was $353,000 in November 2024, up 7% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | $232.5K | +5.7% |
| 2 Bedrooms | $366K | $375K | +2.5% |
| 3 Bedrooms | $700K | $685K | -2.1% |
| 4 Bedrooms | - | $380K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Elliot Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Central | $319.7K | $372.3K | +16.5% |
| Elliot Park | $330K | $353K | +7.0% |
| Downtown East | $629.5K | $600K | -4.7% |
Housing Supply in Elliot Park, MN
How many homes are available in Elliot Park, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Summary: The Elliot Park real estate market had 52 homes for sale in November 2024, a 15.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 29 | 35 | +20.7% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elliot Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 20.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elliot Park, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Elliot Park in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Elliot Park, MN
How long does it take to sell a home in Elliot Park, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 161 Days | +151.6% |
Summary: Homes in Elliot Park had an average of 161 days on market in Nov 2024, up by 151.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Elliot Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Elliot Park; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.
