$10,000 Closing Credit*
$1,589,000
4,018 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: Edina Realty, Inc.
Is Pamela Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pamela Park was a Buyer's Market.
Key Takeaway
Pamela Park 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 Pamela Park, MN
How much do homes in Pamela Park, MN cost?
Median Sold Price
$575,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$88,750(-13.4%)
Key Takeaway
Homes in Pamela Park have sold for 13.4% less than they did a year ago.
Summary: The median home sold price in Pamela Park was $575,000 in October 2024, down 13.4% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $477.7K | N/A |
| 3 Bedrooms | $518K | $517.4K | -0.1% |
| 4 Bedrooms | $515K | $537.5K | +4.4% |
| 5+ Bedrooms | $1.6M | $1.7M | +0.9% |
Summary: Pamela Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Minnehaha Woods | $1.1M | $1.2M | +10.4% |
| Chowen Park | $575K | $597.5K | +3.9% |
| Pamela Park | $663.7K | $575K | -13.4% |
Housing Supply in Pamela Park, MN
How many homes are available in Pamela Park, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Summary: The Pamela Park real estate market had 20 homes for sale in October 2024, a 53.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Pamela Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 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 Pamela Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pamela Park in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Pamela Park, MN
How long does it take to sell a home in Pamela Park, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 117 Days | +2253.3% |
Summary: Homes in Pamela Park had an average of 117 days on market in Oct 2024, up by 2253.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pamela Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Pamela Park; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
