Is Edina, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Edina has remained a Seller's Market.
Housing Prices in Edina, MN
How much do homes in Edina, MN cost?
Median Sold Price
$580,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Edina was $580,000 in April 2024, down 0.5% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146K | $150K | +2.7% |
2 Bedrooms | $220K | $251K | +14.1% |
3 Bedrooms | $525K | $525K | 0.0% |
4 Bedrooms | $715K | $780K | +9.1% |
5+ Bedrooms | $1.1M | $1.4M | +19.9% |
Summary: Edina housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 14.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
Hopkins | $347.3K | $360.8K | +3.9% |
Saint Louis Park | $365K | $375.8K | +3.0% |
Richfield | $330K | $340K | +3.0% |
Bloomington | $349.9K | $359.5K | +2.7% |
Edina | $583.1K | $580K | -0.5% |
Housing Supply in Edina, MN
How many homes are available in Edina, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
279 | 329 | +17.9% |
Summary: The Edina real estate market had 329 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 36 | +33.3% |
2 Bedrooms | 56 | 67 | +19.6% |
3 Bedrooms | 51 | 56 | +9.8% |
4 Bedrooms | 62 | 74 | +19.4% |
5+ Bedrooms | 83 | 96 | +15.7% |
Summary: The Edina housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 15.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 72 | +2.9% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Edina in April 2024, up by 2.9% month-over-month. Of the 72 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Edina, MN
How long does it take to sell a home in Edina, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 32 Days | -6.5% |
Summary: Homes in Edina had an average of 32 days on market in Apr 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 72 homes were sold in Edina; 69% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.