$10,000 Closing Credit*
$1,200,000
3,666 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is North Oaks, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, North Oaks was a Seller's Market.
Key Takeaway
North Oaks is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in North Oaks, MN
How much do homes in North Oaks, MN cost?
Median Sold Price
$933,625
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$95,073(+11.3%)
Key Takeaway
Homes in North Oaks have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in North Oaks was $933,625 in November 2024, up 11.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $816K | $1.1M | +37.2% |
| 3 Bedrooms | $837.5K | $960.1K | +14.6% |
| 4 Bedrooms | $777.3K | $830K | +6.8% |
| 5+ Bedrooms | $962.5K | $1.1M | +19.5% |
Summary: North Oaks 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 37.2%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Shoreview | $355.6K | $401K | +12.8% |
| North Oaks | $838.5K | $933.6K | +11.3% |
| White Bear Township | $370K | $398.5K | +7.7% |
| Lino Lakes | $419.5K | $450K | +7.3% |
Housing Supply in North Oaks, MN
How many homes are available in North Oaks, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 66 | -4.3% |
Summary: The North Oaks real estate market had 66 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The North Oaks 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 18.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Oaks, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in North Oaks in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for North Oaks, MN
How long does it take to sell a home in North Oaks, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 69 Days | +345.4% |
Summary: Homes in North Oaks had an average of 69 days on market in Nov 2024, up by 345.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Oaks are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in North Oaks; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
