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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing University is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, University was a Seller's Market.

Key Takeaway

University 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 University, MN

How much do homes in University, MN cost?

Median Sold Price

$342,500

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$20,050(+6.2%)

Key Takeaway

Homes in University have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in University was $342,500 in December 2024, up 6.2% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $192K$235K
+22.4%
2 $254K$390K
+53.5%
3 $432.8K$396.5K
-8.4%
4 $375K$341.5K
-8.9%
5+ $397.5K$386K
-2.9%

Summary: University housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 53.5%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 2.9%.

Housing Supply in University, MN

How many homes are available in University, MN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6256-9.7%

Summary: The University real estate market had 56 homes for sale in December 2024, a 9.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 910
+11.1%
2 2721
-22.2%
3 1212
0.0%
4 910
+11.1%
5+ 53
-40.0%

Summary: The University housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
179-47.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer67%22%11%

Key Takeaway

If you're buying a home in University, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in University in December 2024, down by 47.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for University, MN

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

Average Sale Time

Dec 2023Dec 2024CHANGE
86 Days53 Days-38.2%

Summary: Homes in University had an average of 53 days on market in Dec 2024, down by 38.2% compared to last year.

Breakdown of Home Sale Times

2 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 Times67%22%11%

Key Takeaway

Avg time on Rocket Homes in University has remained consistent over time.

Summary: During December 2024, 9 homes were sold in University; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% 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 9 Days Ago

Newest Listings in University, MN

Nearby Markets to University, MN