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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodbury is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Woodbury, MN

How much do homes in Woodbury, MN cost?

Median Sold Price

$448,850

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,856(+3.2%)

Key Takeaway

Homes in Woodbury have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Woodbury was $448,850 in October 2024, up 3.2% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $149K$165K
+10.7%
2 $275K$280K
+1.8%
3 $385K$398.4K
+3.5%
4 $539.9K$515.3K
-4.6%
5+ $657K$630K
-4.1%

Summary: Woodbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Lake Elmo
+5.2%
Woodbury
+3.2%
Maplewood
+2.7%
Oakdale
+1.5%
Newport
-3.8%

Housing Supply in Woodbury, MN

How many homes are available in Woodbury, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
379404+6.6%

Summary: The Woodbury real estate market had 404 homes for sale in October 2024, a 6.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 8278
-4.9%
3 98100
+2.0%
4 121142
+17.4%
5+ 7782
+6.5%

Summary: The Woodbury housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 6.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8489+6.0%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodbury, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 89 homes were sold or pending in Woodbury in October 2024, up by 6.0% month-over-month. Of the 89 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.

Days on Market for Woodbury, MN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days37 Days+13.8%

Summary: Homes in Woodbury had an average of 37 days on market in Oct 2024, up by 13.8% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 89 homes were sold in Woodbury; 47% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 8% 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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