$4,038 Closing Credit*
$340,000
1,615 SqFt
4 Beds
•1 Full Bath
Listing Office: Keller Williams Classic Realty
Is Macalester-Groveland, 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, Macalester-Groveland has remained a Seller's Market.
Key Takeaway
Macalester-Groveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macalester-Groveland, MN
How much do homes in Macalester-Groveland, MN cost?
Median Sold Price
$429,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,000(+7.0%)
Key Takeaway
Homes in Macalester-Groveland have sold for 7% more than they did a year ago.
Summary: The median home sold price in Macalester-Groveland was $429,000 in November 2024, up 7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $94.7K | +18.4% |
| 2 Bedrooms | $320K | $300K | -6.3% |
| 3 Bedrooms | $432.2K | $433.5K | 0.3% |
| 4 Bedrooms | $512K | $530K | +3.5% |
| 5+ Bedrooms | $809.7K | $785K | -3.1% |
Summary: Macalester-Groveland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Macalester-Groveland | $401K | $429K | +7.0% |
| Merriam Park-Lexington-Hamline | $393.5K | $400K | +1.7% |
| Highland | $450K | $443K | -1.6% |
| Summit Hill | $516.5K | $500K | -3.2% |
Housing Supply in Macalester-Groveland, MN
How many homes are available in Macalester-Groveland, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 47 | -17.5% |
Summary: The Macalester-Groveland real estate market had 47 homes for sale in November 2024, a 17.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 18 | 13 | -27.8% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Macalester-Groveland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Macalester-Groveland, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Macalester-Groveland in November 2024, down by 36.8% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Macalester-Groveland, MN
How long does it take to sell a home in Macalester-Groveland, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 22 Days | -57.2% |
Summary: Homes in Macalester-Groveland had an average of 22 days on market in Nov 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macalester-Groveland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Macalester-Groveland; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
