$2,623 Closing Credit*
$220,900
1,404 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
Is Jordan, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$400,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,500(-5.3%)
Key Takeaway
Homes in Jordan have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Jordan was $400,000 in October 2024, down 5.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $325K | +32.7% |
| 3 Bedrooms | $422.5K | $373.5K | -11.6% |
| 4 Bedrooms | $427K | $400K | -6.3% |
| 5+ Bedrooms | $432K | $520K | +20.4% |
Summary: Jordan 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 32.7%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Jordan | $422.5K | $400K | -5.3% |
| Sand Creek Township | $632.4K | $567.2K | -10.3% |
Housing Supply in Jordan, MN
How many homes are available in Jordan, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 48 | -5.9% |
Summary: The Jordan real estate market had 48 homes for sale in October 2024, a 5.9% decrease 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Jordan 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 decreased by 12.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jordan, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Jordan in October 2024, down by 29.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 31 Days | -55.9% |
Summary: Homes in Jordan had an average of 31 days on market in Oct 2024, down by 55.9% compared to last year.
Breakdown of Home Sale Times
9 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 October 2024, 12 homes were sold in Jordan; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
