$4,452 Closing Credit*
$374,900
1,598 SqFt
4 Beds
•1 Full Bath
Listing Office: Lakes Area Realty
Is Fridley, 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, 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
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,833(+0.9%)
Key Takeaway
Homes in Fridley have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Fridley was $315,000 in October 2024, up 0.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $122K | -4.3% |
| 2 Bedrooms | $259.9K | $258.1K | -0.7% |
| 3 Bedrooms | $310K | $315K | +1.6% |
| 4 Bedrooms | $340K | $350K | +2.9% |
| 5+ Bedrooms | $358K | $388K | +8.4% |
Summary: Fridley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Mounds View | $310K | $338.7K | +9.3% |
| New Brighton | $362.6K | $376K | +3.7% |
| Spring Lake Park | $295.7K | $304.9K | +3.1% |
| Fridley | $312.1K | $315K | +0.9% |
| Columbia Heights | $287.5K | $290K | +0.9% |
Housing Supply in Fridley, MN
How many homes are available in Fridley, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 100 | +6.4% |
Summary: The Fridley real estate market had 100 homes for sale in October 2024, a 6.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 41 | 54 | +31.7% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Fridley 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 decreased by 35.3%, 3 bedroom homes increased by 31.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fridley, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Fridley in October 2024, down by 3.1% month-over-month. Of the 31 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +29.6% |
Summary: Homes in Fridley had an average of 29 days on market in Oct 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fridley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Fridley; 58% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
