$6,226 Closing Credit*
$524,335
2,185 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Lennar Sales Corp
Is Ramsey, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ramsey has remained a Seller's Market.
Key Takeaway
Ramsey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ramsey, MN
How much do homes in Ramsey, MN cost?
Median Sold Price
$382,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,500(+0.7%)
Key Takeaway
Homes in Ramsey have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Ramsey was $382,000 in November 2024, up 0.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.4K | $253.5K | 0.4% |
| 3 Bedrooms | $339.9K | $334.9K | -1.5% |
| 4 Bedrooms | $415K | $409.9K | -1.2% |
| 5+ Bedrooms | $449.9K | $454.9K | +1.1% |
Summary: Ramsey 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 0.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Ramsey, MN
How many homes are available in Ramsey, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 158 | 172 | +8.9% |
Summary: The Ramsey real estate market had 172 homes for sale in November 2024, a 8.9% increase 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 | 13 | 13 | 0.0% |
| 3 Bedrooms | 57 | 63 | +10.5% |
| 4 Bedrooms | 49 | 57 | +16.3% |
| 5+ Bedrooms | 39 | 39 | 0.0% |
Summary: The Ramsey 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 remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramsey, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Ramsey in November 2024, up by 24.1% month-over-month. Of the 36 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Ramsey, MN
How long does it take to sell a home in Ramsey, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 35 Days | -18.0% |
Summary: Homes in Ramsey had an average of 35 days on market in Nov 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ramsey are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in Ramsey; 53% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
