$9,261 Closing Credit*
$779,900
3,456 SqFt
3 Beds
•2 Full Baths
Listing Office: Realty Group Inc.
Is Excelsior, 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, Excelsior was a Seller's Market.
Key Takeaway
Excelsior is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Excelsior, MN
How much do homes in Excelsior, MN cost?
Median Sold Price
$750,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$78,875(-9.5%)
Key Takeaway
Homes in Excelsior have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Excelsior was $750,000 in November 2024, down 9.5% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $901K | $1.1M | +27.6% |
| 2 Bedrooms | $500K | $581.8K | +16.4% |
| 3 Bedrooms | $634.4K | $538.7K | -15.1% |
| 4 Bedrooms | $782K | $767.5K | -1.9% |
| 5+ Bedrooms | $1.2M | $1.2M | -1.0% |
Summary: Excelsior housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes increased by 16.4%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Excelsior | $828.8K | $750K | -9.5% |
| Shorewood | $767.5K | $650K | -15.3% |
Housing Supply in Excelsior, MN
How many homes are available in Excelsior, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 152 | 151 | -0.7% |
Summary: The Excelsior real estate market had 151 homes for sale in November 2024, a 0.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 43 | 45 | +4.7% |
| 4 Bedrooms | 40 | 39 | -2.5% |
| 5+ Bedrooms | 47 | 49 | +4.3% |
Summary: The Excelsior housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Excelsior, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Excelsior in November 2024, down by 18.5% month-over-month. Of the 22 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Excelsior, MN
How long does it take to sell a home in Excelsior, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 47 Days | +14.5% |
Summary: Homes in Excelsior had an average of 47 days on market in Nov 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Excelsior are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Excelsior; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
