Is Robbinsdale, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Robbinsdale is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Robbinsdale has remained a Seller's Market.

Key Takeaway

Robbinsdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Robbinsdale, MN

How much do homes in Robbinsdale, MN cost?

Median Sold Price

$310,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,000(-1.0%)

Key Takeaway

Homes in Robbinsdale have sold for 1% less than they did a year ago.

Summary: The median home sold price in Robbinsdale was $310,000 in November 2024, down 1% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $196K$55.9K
-71.5%
2 $250K$255.5K
+2.2%
3 $305K$310K
+1.6%
4 $393K$333.3K
-15.2%
5+ $350K$397K
+13.4%

Summary: Robbinsdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 13.4%.

Median Sold Price Compared To Nearby Cities

Crystal
+7.5%
Minneapolis
+3.0%
Brooklyn Center
0.0%
Robbinsdale
-1.0%

Housing Supply in Robbinsdale, MN

How many homes are available in Robbinsdale, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5948-18.6%

Summary: The Robbinsdale real estate market had 48 homes for sale in November 2024, a 18.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 109
-10.0%
3 2924
-17.2%
4 1713
-23.5%
5+ 11
0.0%

Summary: The Robbinsdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Robbinsdale, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Robbinsdale in November 2024, up by 5.6% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% were sold over asking.

Days on Market for Robbinsdale, MN

How long does it take to sell a home in Robbinsdale, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days31 Days+8.8%

Summary: Homes in Robbinsdale had an average of 31 days on market in Nov 2024, up by 8.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Robbinsdale are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in Robbinsdale; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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