$3,859 Closing Credit*
$325,000
1,821 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Fridley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Fridley has remained a Seller's Market.
Key Takeaway
Fridley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fridley, MN
How much do homes in Fridley, MN cost?
Median Sold Price
$315,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$375(-0.1%)
Key Takeaway
The sold price of homes in Fridley has remained the same since last year.
Summary: The median home sold price in Fridley was $315,000 in November 2024, down 0.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $122K | -6.2% |
| 2 Bedrooms | $260K | $254.1K | -2.3% |
| 3 Bedrooms | $313.4K | $315K | 0.5% |
| 4 Bedrooms | $340K | $360K | +5.9% |
| 5+ Bedrooms | $356.5K | $399.9K | +12.2% |
Summary: Fridley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Mounds View | $306K | $345K | +12.7% |
| New Brighton | $365K | $385K | +5.5% |
| Columbia Heights | $285K | $290K | +1.8% |
| Spring Lake Park | $304.9K | $308.7K | +1.2% |
| Fridley | $315.3K | $315K | -0.1% |
Housing Supply in Fridley, MN
How many homes are available in Fridley, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 82 | -15.5% |
Summary: The Fridley real estate market had 82 homes for sale in November 2024, a 15.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 54 | 47 | -13.0% |
| 4 Bedrooms | 23 | 19 | -17.4% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Fridley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fridley, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Fridley in November 2024, down by 25.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Fridley, MN
How long does it take to sell a home in Fridley, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +42.9% |
Summary: Homes in Fridley had an average of 32 days on market in Nov 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fridley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in Fridley; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
