$10,000 Closing Credit*
$1,849,900
4,744 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Results
Is Ham Lake, 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, Ham Lake was a Seller's Market.
Key Takeaway
Ham Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ham Lake, MN
How much do homes in Ham Lake, MN cost?
Median Sold Price
$550,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,550(+12.8%)
Key Takeaway
Homes in Ham Lake have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Ham Lake was $550,000 in October 2024, up 12.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $510K | +59.4% |
| 3 Bedrooms | $430K | $440K | +2.3% |
| 4 Bedrooms | $509.9K | $575K | +12.8% |
| 5+ Bedrooms | $675K | $600K | -11.1% |
Summary: Ham Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Ham Lake | $487.4K | $550K | +12.8% |
| East Bethel | $390K | $412.5K | +5.8% |
| Andover | $435K | $450K | +3.4% |
| Cedar | $440K | $447.5K | +1.7% |
| Columbus | $511K | $481.9K | -5.7% |
Housing Supply in Ham Lake, MN
How many homes are available in Ham Lake, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 74 | +21.3% |
Summary: The Ham Lake real estate market had 74 homes for sale in October 2024, a 21.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Ham Lake 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 remained the same, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ham Lake, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Ham Lake in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.
Days on Market for Ham Lake, MN
How long does it take to sell a home in Ham Lake, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 54 Days | +18.2% |
Summary: Homes in Ham Lake had an average of 54 days on market in Oct 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ham Lake has remained consistent over time.
Summary: During October 2024, 10 homes were sold in Ham Lake; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
