Is Coon Rapids, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Coon Rapids has remained a Seller's Market.
Housing Prices in Coon Rapids, MN
How much do homes in Coon Rapids, MN cost?
Median Sold Price
$325,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Coon Rapids was $325,000 in May 2024, up 4.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $238K | $250K | +5.0% |
3 Bedrooms | $305.3K | $319.9K | +4.8% |
4 Bedrooms | $350K | $360K | +2.9% |
5+ Bedrooms | $379.9K | $400K | +5.3% |
Summary: Coon Rapids housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Coon Rapids | $309.9K | $325K | +4.8% |
Blaine | $366.7K | $379.3K | +3.4% |
Fridley | $307K | $317K | +3.3% |
Brooklyn Park | $330.6K | $338.5K | +2.4% |
Anoka | $355.1K | $360.5K | +1.5% |
Housing Supply in Coon Rapids, MN
How many homes are available in Coon Rapids, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
199 | 218 | +9.5% |
Summary: The Coon Rapids real estate market had 218 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 55 | 60 | +9.1% |
3 Bedrooms | 75 | 78 | +4.0% |
4 Bedrooms | 59 | 70 | +18.6% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Coon Rapids housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 67 | -4.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Coon Rapids in May 2024, down by 4.3% month-over-month. Of the 67 sold homes, 16% were sold under asking, 16% were sold at asking, and 67% were sold over asking.
Days on Market for Coon Rapids, MN
How long does it take to sell a home in Coon Rapids, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 20 Days | +39.4% |
Summary: Homes in Coon Rapids had an average of 20 days on market in May 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 67 homes were sold in Coon Rapids; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.