$4,275 Closing Credit*
$360,000
1,781 SqFt
4 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Maple Grove, 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, Maple Grove has remained a Seller's Market.
Key Takeaway
Maple Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Grove, MN
How much do homes in Maple Grove, MN cost?
Median Sold Price
$405,024
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,553(+3.7%)
Key Takeaway
Homes in Maple Grove have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Maple Grove was $405,024 in October 2024, up 3.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $269.9K | +5.9% |
| 2 Bedrooms | $280K | $282.5K | +0.9% |
| 3 Bedrooms | $360K | $360K | 0.0% |
| 4 Bedrooms | $484.9K | $484K | -0.2% |
| 5+ Bedrooms | $697.5K | $680K | -2.5% |
Summary: Maple Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Maple Grove | $390.4K | $405K | +3.7% |
| Corcoran | $575K | $590.7K | +2.7% |
| Brooklyn Park | $335K | $339.6K | +1.4% |
| Champlin | $365K | $364.9K | 0% |
| Osseo | $494.4K | $477.5K | -3.4% |
Housing Supply in Maple Grove, MN
How many homes are available in Maple Grove, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 416 | 444 | +6.7% |
Summary: The Maple Grove real estate market had 444 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 77 | 84 | +9.1% |
| 3 Bedrooms | 118 | 135 | +14.4% |
| 4 Bedrooms | 134 | 140 | +4.5% |
| 5+ Bedrooms | 87 | 85 | -2.3% |
Summary: The Maple Grove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 94 | -16.1% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Grove, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.
Summary: A total of 94 homes were sold or pending in Maple Grove in October 2024, down by 16.1% month-over-month. Of the 94 sold homes, 44% were sold under asking, 27% were sold at asking, and 30% were sold over asking.
Days on Market for Maple Grove, MN
How long does it take to sell a home in Maple Grove, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 25 Days | -3.1% |
Summary: Homes in Maple Grove had an average of 25 days on market in Oct 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 94 homes were sold in Maple Grove; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
