Is Mahtomedi, 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, Mahtomedi has remained a Seller's Market.
Housing Prices in Mahtomedi, MN
How much do homes in Mahtomedi, MN cost?
Median Sold Price
$477,760
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mahtomedi was $477,760 in April 2024, up 16.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $309.2K | $355K | +14.8% |
3 Bedrooms | $372.5K | $410K | +10.1% |
4 Bedrooms | $530K | $540K | +1.9% |
5+ Bedrooms | $672.5K | $684.5K | +1.8% |
Summary: Mahtomedi housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
Mahtomedi | $411.5K | $477.7K | +16.1% |
Dellwood | $827K | $935K | +13.1% |
Housing Supply in Mahtomedi, MN
How many homes are available in Mahtomedi, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 38 | +52.0% |
Summary: The Mahtomedi real estate market had 38 homes for sale in April 2024, a 52.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 6 | 10 | +66.7% |
4 Bedrooms | 6 | 14 | +133.3% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Mahtomedi housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 12 | +500.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mahtomedi in April 2024, up by 500.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Mahtomedi, MN
How long does it take to sell a home in Mahtomedi, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
93 Days | 42 Days | -54.6% |
Summary: Homes in Mahtomedi had an average of 42 days on market in Apr 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Mahtomedi; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.