$5,225 Closing Credit*
$440,000
2,146 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: JPW Realty
Is Jordan, 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, Jordan has remained a Seller's Market.
Key Takeaway
Jordan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jordan, MN
How much do homes in Jordan, MN cost?
Median Sold Price
$400,487
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$19,512(-4.6%)
Key Takeaway
Homes in Jordan have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Jordan was $400,487 in November 2024, down 4.6% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290.6K | $322.5K | +11.0% |
| 3 Bedrooms | $421.7K | $373.4K | -11.5% |
| 4 Bedrooms | $420.7K | $400.9K | -4.7% |
| 5+ Bedrooms | $428.5K | $467.8K | +9.2% |
Summary: Jordan 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 11%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 9.2%.
Housing Supply in Jordan, MN
How many homes are available in Jordan, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 38 | -19.1% |
Summary: The Jordan real estate market had 38 homes for sale in November 2024, a 19.1% decrease 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Jordan 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 decreased by 28.6%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jordan, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Jordan in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Jordan, MN
How long does it take to sell a home in Jordan, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 47 Days | -6.1% |
Summary: Homes in Jordan had an average of 47 days on market in Nov 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jordan are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Jordan; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
