$4,334 Closing Credit*
$365,000
1,804 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Redfin Corporation
Is Falcon Heights, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Falcon Heights has remained a Seller's Market.
Key Takeaway
Falcon Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falcon Heights, MN
How much do homes in Falcon Heights, MN cost?
Median Sold Price
$400,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,500(-2.3%)
Key Takeaway
Homes in Falcon Heights have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Falcon Heights was $400,000 in October 2024, down 2.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $178K | +36.9% |
| 2 Bedrooms | $310K | $312.4K | +0.8% |
| 3 Bedrooms | $402K | $430K | +7.0% |
| 4 Bedrooms | $440K | $400K | -9.1% |
| 5+ Bedrooms | $535K | $459.5K | -14.1% |
Summary: Falcon Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.9%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Roseville | $340.5K | $360K | +5.7% |
| Saint Paul | $276.4K | $290K | +4.9% |
| Falcon Heights | $409.5K | $400K | -2.3% |
| Lauderdale | $275K | $209.2K | -23.9% |
Housing Supply in Falcon Heights, MN
How many homes are available in Falcon Heights, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Falcon Heights real estate market had 14 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Falcon Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Falcon Heights, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Falcon Heights in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Falcon Heights, MN
How long does it take to sell a home in Falcon Heights, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 17 Days | -2.1% |
Summary: Homes in Falcon Heights had an average of 17 days on market in Oct 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Falcon Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Falcon Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
