$3,560 Closing Credit*
$299,795
974 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
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 November 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
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+4.2%)
Key Takeaway
Homes in White Bear Lake have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in White Bear Lake was $350,000 in November 2024, up 4.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $215K | -20.4% |
| 2 Bedrooms | $289K | $300K | +3.8% |
| 3 Bedrooms | $331K | $358K | +8.2% |
| 4 Bedrooms | $371.2K | $393.5K | +6.0% |
| 5+ Bedrooms | $443K | $405.8K | -8.4% |
Summary: White Bear Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Mahtomedi | $447K | $495K | +10.7% |
| White Bear Township | $370K | $398.5K | +7.7% |
| White Bear Lake | $336K | $350K | +4.2% |
| Vadnais Heights | $350K | $350K | 0.0% |
Housing Supply in White Bear Lake, MN
How many homes are available in White Bear Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 80 | -3.6% |
Summary: The White Bear Lake real estate market had 80 homes for sale in November 2024, a 3.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 38 | 37 | -2.6% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The White Bear Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in White Bear Lake, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in White Bear Lake in November 2024, up by 33.3% month-over-month. Of the 24 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 38 Days | +24.7% |
Summary: Homes in White Bear Lake had an average of 38 days on market in Nov 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 November 2024, 24 homes were sold in White Bear Lake; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
