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 November 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

$445,302

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,478(+1.2%)

Key Takeaway

Homes in Woodbury have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Woodbury was $445,302 in November 2024, up 1.2% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $149K$165K
+10.7%
2 $273.1K$282.4K
+3.4%
3 $385K$393.6K
+2.3%
4 $540K$500K
-7.4%
5+ $650K$637.8K
-1.9%

Summary: Woodbury housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Lake Elmo
+4.7%
Maplewood
+1.7%
Woodbury
+1.2%
Oakdale
-1.2%

Housing Supply in Woodbury, MN

How many homes are available in Woodbury, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
357348-2.5%

Summary: The Woodbury real estate market had 348 homes for sale in November 2024, a 2.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 7174
+4.2%
3 8882
-6.8%
4 124116
-6.5%
5+ 7273
+1.4%

Summary: The Woodbury housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 1.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9576-20.0%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

19 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. 56.6% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in Woodbury in November 2024, down by 20.0% month-over-month. Of the 76 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
35 Days43 Days+24.3%

Summary: Homes in Woodbury had an average of 43 days on market in Nov 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

11 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 November 2024, 76 homes were sold in Woodbury; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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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