$3,563 Closing Credit*
$300,000
1,353 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is White Bear Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, White Bear Lake has remained a Seller's Market.
Key Takeaway
White Bear Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in White Bear Lake, MN
How much do homes in White Bear Lake, MN cost?
Median Sold Price
$350,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.5%)
Key Takeaway
Homes in White Bear Lake have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in White Bear Lake was $350,000 in October 2024, up 4.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $215K | -20.4% |
| 2 Bedrooms | $287K | $293.3K | +2.2% |
| 3 Bedrooms | $331K | $360K | +8.8% |
| 4 Bedrooms | $369K | $393.5K | +6.6% |
| 5+ Bedrooms | $459K | $402.8K | -12.2% |
Summary: White Bear Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.4%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Mahtomedi | $447K | $495K | +10.7% |
| White Bear Township | $370K | $397K | +7.3% |
| White Bear Lake | $335K | $350K | +4.5% |
| Vadnais Heights | $347.5K | $340K | -2.2% |
Housing Supply in White Bear Lake, MN
How many homes are available in White Bear Lake, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 87 | +6.1% |
Summary: The White Bear Lake real estate market had 87 homes for sale in October 2024, a 6.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The White Bear Lake 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 11.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in White Bear Lake, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in White Bear Lake in October 2024, down by 21.7% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for White Bear Lake, MN
How long does it take to sell a home in White Bear Lake, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 15 Days | 0.1% |
Summary: Homes in White Bear Lake had an average of 15 days on market in Oct 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in White Bear Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in White Bear Lake; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
