$4,928 Closing Credit*
$415,000
2,687 SqFt
4 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Ramsey, 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, Ramsey was a Seller's Market.
Key Takeaway
Ramsey 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 Ramsey, MN
How much do homes in Ramsey, MN cost?
Median Sold Price
$381,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+1.6%)
Key Takeaway
Homes in Ramsey have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Ramsey was $381,000 in October 2024, up 1.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $253.5K | +1.4% |
| 3 Bedrooms | $338K | $336.9K | -0.3% |
| 4 Bedrooms | $410K | $412.1K | 0.5% |
| 5+ Bedrooms | $449.9K | $454.9K | +1.1% |
Summary: Ramsey 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 increased by 1.4%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 0.5%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 178 | +26.2% |
Summary: The Ramsey real estate market had 178 homes for sale in October 2024, a 26.2% 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 | 12 | 14 | +16.7% |
| 3 Bedrooms | 57 | 68 | +19.3% |
| 4 Bedrooms | 47 | 54 | +14.9% |
| 5+ Bedrooms | 25 | 42 | +68.0% |
Summary: The Ramsey 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 16.7%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 68%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramsey, expect to pay close to the asking price. 48.1% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Ramsey in October 2024, up by 8.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 48% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 37 Days | +35.9% |
Summary: Homes in Ramsey had an average of 37 days on market in Oct 2024, up by 35.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramsey are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in Ramsey; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
