$1,663 Closing Credit*
$140,000
996 SqFt
2 Beds
•1 Full Bath
Listing Office: TruHomes Realty LLC
Is Greater East Side, 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, Greater East Side has remained a Seller's Market.
Key Takeaway
Greater East Side is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greater East Side, MN
How much do homes in Greater East Side, MN cost?
Median Sold Price
$255,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,500(+2.2%)
Key Takeaway
Homes in Greater East Side have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Greater East Side was $255,500 in November 2024, up 2.2% 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 | $147K | $137K | -6.8% |
| 2 Bedrooms | $219.9K | $217.5K | -1.1% |
| 3 Bedrooms | $258K | $262K | +1.6% |
| 4 Bedrooms | $285K | $305.7K | +7.3% |
| 5+ Bedrooms | $289K | $280K | -3.1% |
Summary: Greater East Side housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Payne-Phalen | $242.8K | $250K | +3.0% |
| Greater East Side | $250K | $255.5K | +2.2% |
| Dayton's Bluff | $240.5K | $234K | -2.7% |
Housing Supply in Greater East Side, MN
How many homes are available in Greater East Side, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 59 | -6.3% |
Summary: The Greater East Side real estate market had 59 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 29 | 22 | -24.1% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Greater East Side 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 increased by 6.3%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greater East Side, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Greater East Side in November 2024, down by 15.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Greater East Side, MN
How long does it take to sell a home in Greater East Side, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +33.5% |
Summary: Homes in Greater East Side had an average of 25 days on market in Nov 2024, up by 33.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greater East Side are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Greater East Side; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
