$3,741 Closing Credit*
$315,000
1,480 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Premier Realty Lake Minnetonka
Is King Field, 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, King Field was a Seller's Market.
Key Takeaway
King Field 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 King Field, MN
How much do homes in King Field, MN cost?
Median Sold Price
$390,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.0%)
Key Takeaway
Homes in King Field have sold for 4% more than they did a year ago.
Summary: The median home sold price in King Field was $390,000 in November 2024, up 4% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $167K | +4.4% |
| 2 Bedrooms | $280K | $275.4K | -1.6% |
| 3 Bedrooms | $377.5K | $375K | -0.7% |
| 4 Bedrooms | $500K | $521K | +4.2% |
| 5+ Bedrooms | $614K | $500K | -18.6% |
Summary: King Field housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Neighborhoods
| King Field | $375K | $390K | +4.0% |
| Regina | $312K | $320K | +2.6% |
| Bryant | $300K | $306K | +2.0% |
Housing Supply in King Field, MN
How many homes are available in King Field, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Summary: The King Field real estate market had 21 homes for sale in November 2024, a 8.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The King Field 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 decreased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King Field, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in King Field in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 31 Days | -9.5% |
Summary: Homes in King Field had an average of 31 days on market in Nov 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in King Field has remained consistent over time.
Summary: During November 2024, 3 homes were sold in King Field; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
