$2,908 Closing Credit*
$244,900
1,378 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Piedmont Heights, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$306,500
$193/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$6,500(+2.2%)
Key Takeaway
Homes in Piedmont Heights have sold for 2.2% more than they did a month ago.
Summary: The median home sold price in Piedmont Heights was $306,500 in December 2024, up 2.2% from last month, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $102.5K | $218.5K | +113.2% |
| 3 Bedrooms | $295K | $345K | +16.9% |
| 4 Bedrooms | $387.5K | $450K | +16.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Piedmont Heights housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 113.2%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Piedmont Heights | $300K | $306.5K | +2.2% |
| Duluth Heights | $340K | $321.6K | -5.4% |
Housing Supply in Piedmont Heights, MN
How many homes are available in Piedmont Heights, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Piedmont Heights real estate market had 22 homes for sale in December 2024, a 8.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Piedmont Heights housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piedmont Heights, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Piedmont Heights in December 2024, down by 22.2% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 40 Days | 11 Days | -70.7% |
Summary: Homes in Piedmont Heights had an average of 11 days on market in Dec 2024, down by 70.7% compared to last month.
Breakdown of Home Sale Times
6 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 Piedmont Heights are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in Piedmont Heights; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
