Is Little Canada, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little Canada is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Little Canada has remained a Seller's Market.

Key Takeaway

Little Canada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Little Canada, MN

How much do homes in Little Canada, MN cost?

Median Sold Price

$350,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+7.7%)

Key Takeaway

Homes in Little Canada have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Little Canada was $350,000 in October 2024, up 7.7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $124.5K$125.2K
+0.6%
2 $155K$160K
+3.2%
3 $375K$392.3K
+4.6%
4 $399.9K$450K
+12.5%
5+ $735K$830K
+12.9%

Summary: Little Canada housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Cities

Little Canada
+7.7%
Maplewood
+2.7%
Vadnais Heights
-2.2%

Housing Supply in Little Canada, MN

How many homes are available in Little Canada, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3644+22.2%

Summary: The Little Canada real estate market had 44 homes for sale in October 2024, a 22.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 1011
+10.0%
3 1113
+18.2%
4 810
+25.0%
5+ 46
+50.0%

Summary: The Little Canada housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little Canada, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Little Canada in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for Little Canada, MN

How long does it take to sell a home in Little Canada, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days49 Days+70.7%

Summary: Homes in Little Canada had an average of 49 days on market in Oct 2024, up by 70.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Little Canada are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Little Canada; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Little Canada, MN

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