Is Maplewood, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maplewood is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Maplewood, MN

How much do homes in Maplewood, MN cost?

Median Sold Price

$330,600

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,600(+2.7%)

Key Takeaway

Homes in Maplewood have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Maplewood was $330,600 in October 2024, up 2.7% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $149.9K$143K
-4.6%
2 $263.5K$262.3K
-0.5%
3 $312.5K$320K
+2.4%
4 $410K$385K
-6.1%
5+ $438K$449.9K
+2.7%

Summary: Maplewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Cities

Little Canada
+7.7%
Maplewood
+2.7%
Oakdale
+1.5%
Vadnais Heights
-2.2%
North Saint Paul
-3.1%

Housing Supply in Maplewood, MN

How many homes are available in Maplewood, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
137142+3.6%

Summary: The Maplewood real estate market had 142 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 2428
+16.7%
3 6469
+7.8%
4 3834
-10.5%
5+ 87
-12.5%

Summary: The Maplewood 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 16.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4239-7.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maplewood, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Maplewood in October 2024, down by 7.1% month-over-month. Of the 39 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.

Days on Market for Maplewood, MN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days25 Days+24.3%

Summary: Homes in Maplewood had an average of 25 days on market in Oct 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 39 homes were sold in Maplewood; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Maplewood, MN

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