$10,000 Closing Credit*
$1,926,856
6,511 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: Hanson Builders Inc
Is Oak Park Heights, 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, Oak Park Heights was a Neutral Market.
Key Takeaway
Oak Park Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Park Heights, MN
How much do homes in Oak Park Heights, MN cost?
Median Sold Price
$332,450
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,050(-5.7%)
Key Takeaway
Homes in Oak Park Heights have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Oak Park Heights was $332,450 in November 2024, down 5.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $255K | -1.9% |
| 3 Bedrooms | $380K | $343K | -9.7% |
| 4 Bedrooms | $520K | $450K | -13.5% |
| 5+ Bedrooms | $777K | $625K | -19.6% |
Summary: Oak Park Heights 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 decreased by 1.9%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Stillwater Township | $447.1K | $494.1K | +10.5% |
| Stillwater | $449.5K | $494.1K | +9.9% |
| Oak Park Heights | $352.5K | $332.4K | -5.7% |
Housing Supply in Oak Park Heights, MN
How many homes are available in Oak Park Heights, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Oak Park Heights real estate market had 14 homes for sale in November 2024, a 22.2% 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Oak Park Heights 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 28.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Park Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Oak Park Heights in November 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Oak Park Heights, MN
How long does it take to sell a home in Oak Park Heights, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 23 Days | -56.9% |
Summary: Homes in Oak Park Heights had an average of 23 days on market in Nov 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Park Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Oak Park Heights; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
