Is Fridley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fridley has remained a Seller's Market.
Key Takeaway
Fridley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fridley, MN
How much do homes in Fridley, MN cost?
Median Sold Price
$317,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fridley have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Fridley was $317,000 in May 2024, up 3.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $121K | -10.4% |
| 2 Bedrooms | $250K | $265.5K | +6.2% |
| 3 Bedrooms | $305K | $310K | +1.6% |
| 4 Bedrooms | $335.8K | $347.5K | +3.5% |
| 5+ Bedrooms | $365K | $372.5K | +2.1% |
Summary: Fridley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Spring Lake Park | $290.7K | $308.5K | +6.1% |
| Mounds View | $314K | $330K | +5.1% |
| Fridley | $307K | $317K | +3.3% |
| New Brighton | $360K | $370K | +2.8% |
| Columbia Heights | $288K | $285K | -1.0% |
Housing Supply in Fridley, MN
How many homes are available in Fridley, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 77 | +6.9% |
Summary: The Fridley real estate market had 77 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Fridley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fridley, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Fridley in May 2024, up by 11.5% month-over-month. Of the 29 sold homes, 21% were sold under asking, 28% were sold at asking, and 52% were sold over asking.
Days on Market for Fridley, MN
How long does it take to sell a home in Fridley, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 21 Days | +130.7% |
Summary: Homes in Fridley had an average of 21 days on market in May 2024, up by 130.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fridley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Fridley; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
