Is Woodbury, 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, Woodbury has remained a Seller's Market.
Key Takeaway
Woodbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodbury, MN
How much do homes in Woodbury, MN cost?
Median Sold Price
$445,218
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woodbury have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Woodbury was $445,218 in April 2024, up 1.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $140K | -13.6% |
| 2 Bedrooms | $273.3K | $271.8K | -0.5% |
| 3 Bedrooms | $390.5K | $394.9K | +1.1% |
| 4 Bedrooms | $529K | $525.5K | -0.7% |
| 5+ Bedrooms | $675K | $643.9K | -4.6% |
Summary: Woodbury housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in Woodbury, MN
How many homes are available in Woodbury, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 293 | 383 | +30.7% |
Summary: The Woodbury real estate market had 383 homes for sale in April 2024, a 30.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 65 | 83 | +27.7% |
| 3 Bedrooms | 99 | 137 | +38.4% |
| 4 Bedrooms | 78 | 90 | +15.4% |
| 5+ Bedrooms | 51 | 72 | +41.2% |
Summary: The Woodbury housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 38.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 83 | +31.7% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodbury, you may be able to get a good deal. 39.8% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Woodbury in April 2024, up by 31.7% month-over-month. Of the 83 sold homes, 40% were sold under asking, 25% were sold at asking, and 35% were sold over asking.
Days on Market for Woodbury, MN
How long does it take to sell a home in Woodbury, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 26 Days | -23.5% |
Summary: Homes in Woodbury had an average of 26 days on market in Apr 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodbury are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 83 homes were sold in Woodbury; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
