$2,719 Closing Credit*
$229,000
875 SqFt
2 Beds
•1 Full Bath
Listing Office: Covenant Partners LLC
Is Elliot Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+8.6%)
Key Takeaway
Homes in Elliot Park have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Elliot Park was $353,000 in October 2024, up 8.6% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.4K | $232.5K | +4.5% |
| 2 Bedrooms | $366K | $376.4K | +2.9% |
| 3 Bedrooms | $672.8K | $685K | +1.8% |
| 4 Bedrooms | $1.0M | $380K | -63.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Elliot Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 63.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Central | $320K | $366.7K | +14.6% |
| Elliot Park | $325K | $353K | +8.6% |
| Downtown East | $640K | $577.5K | -9.8% |
Housing Supply in Elliot Park, MN
How many homes are available in Elliot Park, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 53 | +26.2% |
Summary: The Elliot Park real estate market had 53 homes for sale in October 2024, a 26.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 24 | 34 | +41.7% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elliot Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Elliot Park in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 52 Days | -35.6% |
Summary: Homes in Elliot Park had an average of 52 days on market in Oct 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elliot Park has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Elliot Park; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
