Is North Oaks, 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, North Oaks has remained a Neutral Market.
Key Takeaway
North Oaks is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in North Oaks, MN
How much do homes in North Oaks, MN cost?
Median Sold Price
$841,052
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Oaks have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in North Oaks was $841,052 in April 2024, down 11.5% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $655.5K | $921.8K | +40.6% |
| 3 Bedrooms | $842.5K | $750K | -11.0% |
| 4 Bedrooms | $880K | $827.3K | -6.0% |
| 5+ Bedrooms | $1.1M | $912K | -21.9% |
Summary: North Oaks 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 40.6%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Lino Lakes | $420K | $427.5K | +1.8% |
| White Bear Township | $395K | $385K | -2.5% |
| Shoreview | $380K | $365.8K | -3.7% |
| North Oaks | $950K | $841K | -11.5% |
Housing Supply in North Oaks, MN
How many homes are available in North Oaks, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 57 | +9.6% |
Summary: The North Oaks real estate market had 57 homes for sale in April 2024, a 9.6% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The North Oaks 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 increased by 16.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Oaks, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in North Oaks in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for North Oaks, MN
How long does it take to sell a home in North Oaks, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +21.5% |
Summary: Homes in North Oaks had an average of 37 days on market in Apr 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Oaks are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in North Oaks; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
