$8,313 Closing Credit*
$700,000
4,300 SqFt
6 Beds
•3 Full Baths
Listing Office: Edina Realty, Inc.
Is New Brighton, 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, New Brighton has remained a Seller's Market.
Key Takeaway
New Brighton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Brighton, MN
How much do homes in New Brighton, MN cost?
Median Sold Price
$385,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.5%)
Key Takeaway
Homes in New Brighton have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in New Brighton was $385,000 in November 2024, up 5.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | - | N/A |
| 2 Bedrooms | $252.5K | $273.5K | +8.3% |
| 3 Bedrooms | $345K | $355K | +2.9% |
| 4 Bedrooms | $415K | $422.4K | +1.8% |
| 5+ Bedrooms | $507K | $525K | +3.6% |
Summary: New Brighton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Mounds View | $306K | $345K | +12.7% |
| New Brighton | $365K | $385K | +5.5% |
| Arden Hills | $400K | $379K | -5.3% |
Housing Supply in New Brighton, MN
How many homes are available in New Brighton, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 58 | -13.4% |
Summary: The New Brighton real estate market had 58 homes for sale in November 2024, a 13.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The New Brighton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Brighton, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in New Brighton in November 2024, down by 15.8% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for New Brighton, MN
How long does it take to sell a home in New Brighton, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 32 Days | +18.3% |
Summary: Homes in New Brighton had an average of 32 days on market in Nov 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Brighton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in New Brighton; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
