$3,799 Closing Credit*
$319,900
1,615 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Realty Group LLC
Is Ham Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Ham Lake was a Seller's Market.
Key Takeaway
Ham Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ham Lake, MN
How much do homes in Ham Lake, MN cost?
Median Sold Price
$550,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$69,500(+14.5%)
Key Takeaway
Homes in Ham Lake have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Ham Lake was $550,000 in November 2024, up 14.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $624.9K | +131.5% |
| 3 Bedrooms | $415.7K | $428.7K | +3.1% |
| 4 Bedrooms | $532.5K | $568K | +6.7% |
| 5+ Bedrooms | $700K | $607.5K | -13.2% |
Summary: Ham Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 131.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Ham Lake | $480.5K | $550K | +14.5% |
| East Bethel | $383K | $418.7K | +9.3% |
| Andover | $439.7K | $450.8K | +2.5% |
| Cedar | $435K | $440.5K | +1.3% |
| Columbus | $513K | $464.1K | -9.5% |
Housing Supply in Ham Lake, MN
How many homes are available in Ham Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 68 | +9.7% |
Summary: The Ham Lake real estate market had 68 homes for sale in November 2024, a 9.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Ham Lake 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ham Lake, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Ham Lake in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 14 Days | -65.7% |
Summary: Homes in Ham Lake had an average of 14 days on market in Nov 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ham Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Ham Lake; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
