$3,859 Closing Credit*
$325,000
1,771 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is King Field, 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, King Field has remained a Seller's Market.
Key Takeaway
King Field is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in King Field, MN
How much do homes in King Field, MN cost?
Median Sold Price
$387,500
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+3.3%)
Key Takeaway
Homes in King Field have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in King Field was $387,500 in October 2024, up 3.3% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.9K | $163.4K | +5.5% |
| 2 Bedrooms | $290K | $275.4K | -5.0% |
| 3 Bedrooms | $375K | $380K | +1.3% |
| 4 Bedrooms | $481.5K | $521K | +8.2% |
| 5+ Bedrooms | $614K | $500K | -18.6% |
Summary: King Field housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Bryant | $295K | $307K | +4.1% |
| King Field | $375K | $387.5K | +3.3% |
| Regina | $320.5K | $327K | +2.0% |
Housing Supply in King Field, MN
How many homes are available in King Field, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The King Field real estate market had 24 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The King Field housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King Field, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in King Field in October 2024, the same as the previous month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for King Field, MN
How long does it take to sell a home in King Field, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 21 Days | -36.1% |
Summary: Homes in King Field had an average of 21 days on market in Oct 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in King Field are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in King Field; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
