Is Ramsey County, 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, Ramsey County has remained a Seller's Market.
Key Takeaway
Ramsey County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ramsey County, MN
How much do homes in Ramsey County, MN cost?
Median Sold Price
$315,706
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ramsey County have sold for 2% more than they did a year ago.
Summary: The median home sold price in Ramsey County was $315,706 in April 2024, up 2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $145.6K | -2.8% |
| 2 Bedrooms | $240K | $250K | +4.2% |
| 3 Bedrooms | $310K | $320K | +3.2% |
| 4 Bedrooms | $385.1K | $395.6K | +2.7% |
| 5+ Bedrooms | $510K | $486.6K | -4.6% |
Summary: Ramsey County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Counties
| Dakota County | $369.9K | $385.5K | +4.2% |
| Ramsey County | $309.4K | $315.7K | +2.0% |
| Hennepin County | $368.9K | $375.2K | +1.7% |
| Anoka County | $345.1K | $350K | +1.4% |
| Washington County | $413.6K | $410.3K | -0.8% |
Housing Supply in Ramsey County, MN
How many homes are available in Ramsey County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,401 | 1,611 | +15.0% |
Summary: The Ramsey County real estate market had 1,611 homes for sale in April 2024, a 15.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 95 | 114 | +20.0% |
| 2 Bedrooms | 318 | 353 | +11.0% |
| 3 Bedrooms | 541 | 597 | +10.4% |
| 4 Bedrooms | 321 | 390 | +21.5% |
| 5+ Bedrooms | 126 | 157 | +24.6% |
Summary: The Ramsey County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 24.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 405 | 434 | +7.2% |
Asking Price vs. Sold Price
118 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
235 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramsey County, you could pay more than the asking price. 54.1% of homes here sold above asking price last month.
Summary: A total of 434 homes were sold or pending in Ramsey County in April 2024, up by 7.2% month-over-month. Of the 434 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% were sold over asking.
Days on Market for Ramsey County, MN
How long does it take to sell a home in Ramsey County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 26 Days | +2.5% |
Summary: Homes in Ramsey County had an average of 26 days on market in Apr 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
305 Homes Were Sold
Under 30 Days
94 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramsey County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 434 homes were sold in Ramsey County; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
