$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 October 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
$430,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.9%)
Key Takeaway
Homes in Macalester-Groveland have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Macalester-Groveland was $430,000 in October 2024, up 4.9% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $94.7K | +18.5% |
| 2 Bedrooms | $315K | $300K | -4.8% |
| 3 Bedrooms | $431K | $435K | +0.9% |
| 4 Bedrooms | $495K | $537.4K | +8.6% |
| 5+ Bedrooms | $764.5K | $795.2K | +4.0% |
Summary: Macalester-Groveland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Neighborhoods
| Macalester-Groveland | $410K | $430K | +4.9% |
| Summit Hill | $520K | $522K | 0.4% |
| Merriam Park-Lexington-Hamline | $395K | $390K | -1.3% |
| Highland | $455K | $445K | -2.2% |
Housing Supply in Macalester-Groveland, MN
How many homes are available in Macalester-Groveland, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 65 | +3.2% |
Summary: The Macalester-Groveland real estate market had 65 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Macalester-Groveland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macalester-Groveland, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Macalester-Groveland in October 2024, up by 5.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 36 Days | +76.5% |
Summary: Homes in Macalester-Groveland had an average of 36 days on market in Oct 2024, up by 76.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 19 homes were sold in Macalester-Groveland; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
