Is Ramsey, 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, Ramsey has remained a Seller's Market.
Key Takeaway
Ramsey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ramsey, MN
How much do homes in Ramsey, MN cost?
Median Sold Price
$385,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ramsey have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Ramsey was $385,000 in May 2024, up 2.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $259K | +3.6% |
| 3 Bedrooms | $339K | $337.5K | -0.4% |
| 4 Bedrooms | $410K | $415K | +1.2% |
| 5+ Bedrooms | $449.9K | $449.9K | 0.0% |
Summary: Ramsey housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.
Housing Supply in Ramsey, MN
How many homes are available in Ramsey, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 159 | 180 | +13.2% |
Summary: The Ramsey real estate market had 180 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 61 | 72 | +18.0% |
| 4 Bedrooms | 50 | 58 | +16.0% |
| 5+ Bedrooms | 32 | 31 | -3.1% |
Summary: The Ramsey 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 increased by 18.8%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 44 | +12.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramsey, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Ramsey in May 2024, up by 12.8% month-over-month. Of the 44 sold homes, 23% were sold under asking, 34% were sold at asking, and 43% were sold over asking.
Days on Market for Ramsey, MN
How long does it take to sell a home in Ramsey, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +24.1% |
Summary: Homes in Ramsey had an average of 25 days on market in May 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramsey are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 44 homes were sold in Ramsey; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
