$10,000 Closing Credit*
$899,000
2,251 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Edina Realty, Inc.
Is Excelsior, 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, 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
$759,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$80,500(-9.6%)
Key Takeaway
Homes in Excelsior have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in Excelsior was $759,500 in October 2024, down 9.6% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $901K | $1.1M | +27.6% |
| 2 Bedrooms | $465K | $553.7K | +19.1% |
| 3 Bedrooms | $629.5K | $544.3K | -13.5% |
| 4 Bedrooms | $794K | $785K | -1.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +5.8% |
Summary: Excelsior housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes increased by 19.1%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Excelsior | $840K | $759.5K | -9.6% |
| Shorewood | $775K | $657.5K | -15.2% |
Housing Supply in Excelsior, MN
How many homes are available in Excelsior, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 | 159 | -0.6% |
Summary: The Excelsior real estate market had 159 homes for sale in October 2024, a 0.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 22 | +37.5% |
| 3 Bedrooms | 45 | 43 | -4.4% |
| 4 Bedrooms | 51 | 41 | -19.6% |
| 5+ Bedrooms | 47 | 52 | +10.6% |
Summary: The Excelsior 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 37.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Excelsior, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Excelsior in October 2024, down by 16.7% month-over-month. Of the 25 sold homes, 64% were sold under asking, 20% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 43 Days | +69.8% |
Summary: Homes in Excelsior had an average of 43 days on market in Oct 2024, up by 69.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 25 homes were sold in Excelsior; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
