$9,499 Closing Credit*
$799,900
2,222 SqFt
2 Beds
•1 Full Bath
Listing Office: DRG
Is Nicollet Island / East Bank, 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, Nicollet Island / East Bank has remained a Seller's Market.
Key Takeaway
Nicollet Island / East Bank is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nicollet Island / East Bank, MN
How much do homes in Nicollet Island / East Bank, MN cost?
Median Sold Price
$472,500
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,750(+11.0%)
Key Takeaway
Homes in Nicollet Island / East Bank have sold for 11% more than they did a year ago.
Summary: The median home sold price in Nicollet Island / East Bank was $472,500 in November 2024, up 11% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $243.8K | +10.8% |
| 2 Bedrooms | $482K | $480K | -0.4% |
| 3 Bedrooms | $669.5K | $775K | +15.8% |
| 4 Bedrooms | - | $790K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Nicollet Island / East Bank housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Nicollet Island / East Bank, MN
How many homes are available in Nicollet Island / East Bank, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The Nicollet Island / East Bank real estate market had 22 homes for sale in November 2024, a 18.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 19 | 13 | -31.6% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nicollet Island / East Bank 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 31.6%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nicollet Island / East Bank, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Nicollet Island / East Bank in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Nicollet Island / East Bank, MN
How long does it take to sell a home in Nicollet Island / East Bank, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 42 Days | -8.4% |
Summary: Homes in Nicollet Island / East Bank had an average of 42 days on market in Nov 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nicollet Island / East Bank has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Nicollet Island / East Bank; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
