$5,166 Closing Credit*
$435,000
2,196 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is Ramsey County, 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 County has remained a Seller's Market.
Key Takeaway
Ramsey County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ramsey County, MN
How much do homes in Ramsey County, MN cost?
Median Sold Price
$324,995
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,033(+4.9%)
Key Takeaway
Homes in Ramsey County have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Ramsey County was $324,995 in November 2024, up 4.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $140.1K | -3.4% |
| 2 Bedrooms | $248.1K | $249.5K | 0.5% |
| 3 Bedrooms | $313.4K | $324.9K | +3.7% |
| 4 Bedrooms | $385.3K | $403.6K | +4.7% |
| 5+ Bedrooms | $503K | $520K | +3.4% |
Summary: Ramsey County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Ramsey County | $309.9K | $324.9K | +4.9% |
| Dakota County | $375.3K | $389.9K | +3.9% |
| Washington County | $408.5K | $419.7K | +2.7% |
| Anoka County | $349.9K | $359.4K | +2.7% |
| Hennepin County | $372.7K | $381.4K | +2.3% |
Housing Supply in Ramsey County, MN
How many homes are available in Ramsey County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,740 | 1,613 | -7.3% |
Summary: The Ramsey County real estate market had 1,613 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 107 | 110 | +2.8% |
| 2 Bedrooms | 392 | 379 | -3.3% |
| 3 Bedrooms | 673 | 621 | -7.7% |
| 4 Bedrooms | 409 | 358 | -12.5% |
| 5+ Bedrooms | 159 | 145 | -8.8% |
Summary: The Ramsey County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.8%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 8.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 487 | 399 | -18.1% |
Asking Price vs. Sold Price
192 Homes Were Sold
Under Asking
84 Homes Were Sold
At Asking
123 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramsey County, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 399 homes were sold or pending in Ramsey County in November 2024, down by 18.1% month-over-month. Of the 399 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Ramsey County, MN
How long does it take to sell a home in Ramsey County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 35 Days | +29.8% |
Summary: Homes in Ramsey County had an average of 35 days on market in Nov 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
236 Homes Were Sold
Under 30 Days
120 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramsey County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 399 homes were sold in Ramsey County; 59% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
