$2,791 Closing Credit*
$235,000
1,294 SqFt
2 Beds
•1 Full Bath
Les Adolphson, Listing Office: Adolphson Real Estate
Is Piedmont Heights, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Piedmont Heights has remained a Seller's Market.
Key Takeaway
Piedmont Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piedmont Heights, MN
How much do homes in Piedmont Heights, MN cost?
Median Sold Price
$292,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+8.5%)
Key Takeaway
Homes in Piedmont Heights have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Piedmont Heights was $292,500 in October 2024, up 8.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $60K | N/A |
| 2 Bedrooms | $266.5K | $255K | -4.3% |
| 3 Bedrooms | $244.2K | $309K | +26.5% |
| 4 Bedrooms | $439.9K | $300K | -31.8% |
| 5+ Bedrooms | $517.4K | $515K | -0.5% |
Summary: Piedmont Heights 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 decreased by 4.3%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Lincoln Park | $170K | $215K | +26.5% |
| Duluth Heights | $272.5K | $342.5K | +25.7% |
| Piedmont Heights | $269.5K | $292.5K | +8.5% |
Housing Supply in Piedmont Heights, MN
How many homes are available in Piedmont Heights, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Piedmont Heights real estate market had 26 homes for sale in October 2024, a 4.0% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Piedmont Heights 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piedmont Heights, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Piedmont Heights in October 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Piedmont Heights, MN
How long does it take to sell a home in Piedmont Heights, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 4 Days | -93.7% |
Summary: Homes in Piedmont Heights had an average of 4 days on market in Oct 2024, down by 93.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Piedmont Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Piedmont Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
