$6,046 Closing Credit*
$509,095
1,877 SqFt
2 Beds
•1 Full Bath
Listing Office: Brandl/Anderson Realty
Is Inver Grove Heights, 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, Inver Grove Heights has remained a Seller's Market.
Key Takeaway
Inver Grove Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inver Grove Heights, MN
How much do homes in Inver Grove Heights, MN cost?
Median Sold Price
$347,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,625(-0.5%)
Key Takeaway
The sold price of homes in Inver Grove Heights has remained the same since last year.
Summary: The median home sold price in Inver Grove Heights was $347,500 in November 2024, down 0.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.6K | $325.2K | +83.1% |
| 2 Bedrooms | $257K | $259K | +0.8% |
| 3 Bedrooms | $354K | $340K | -4.0% |
| 4 Bedrooms | $438.6K | $510K | +16.3% |
| 5+ Bedrooms | $670K | $647K | -3.4% |
Summary: Inver Grove Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.1%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| South Saint Paul | $283.5K | $290K | +2.3% |
| Inver Grove Heights | $349.1K | $347.5K | -0.5% |
| Saint Paul Park | $311K | $295K | -5.1% |
Housing Supply in Inver Grove Heights, MN
How many homes are available in Inver Grove Heights, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 | 131 | +3.1% |
Summary: The Inver Grove Heights real estate market had 131 homes for sale in November 2024, a 3.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 41 | 42 | +2.4% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 36 | 35 | -2.8% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Inver Grove Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inver Grove Heights, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Inver Grove Heights in November 2024, down by 10.3% month-over-month. Of the 26 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Inver Grove Heights, MN
How long does it take to sell a home in Inver Grove Heights, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 39 Days | 0.3% |
Summary: Homes in Inver Grove Heights had an average of 39 days on market in Nov 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inver Grove Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Inver Grove Heights; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
