Is Cottage Grove, 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, Cottage Grove has remained a Seller's Market.
Housing Prices in Cottage Grove, MN
How much do homes in Cottage Grove, MN cost?
Median Sold Price
$399,900
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cottage Grove was $399,900 in April 2024, up 1.1% 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 | $333K | $182K | -45.3% |
2 Bedrooms | $257.5K | $280K | +8.7% |
3 Bedrooms | $371.5K | $366.1K | -1.4% |
4 Bedrooms | $463.2K | $440K | -5.0% |
5+ Bedrooms | $446.7K | $500K | +11.9% |
Summary: Cottage Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
Saint Paul Park | $299.1K | $318K | +6.3% |
Cottage Grove | $395.4K | $399.9K | +1.1% |
Housing Supply in Cottage Grove, MN
How many homes are available in Cottage Grove, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
205 | 249 | +21.5% |
Summary: The Cottage Grove real estate market had 249 homes for sale in April 2024, a 21.5% 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 | 21 | 20 | -4.8% |
3 Bedrooms | 75 | 97 | +29.3% |
4 Bedrooms | 85 | 92 | +8.2% |
5+ Bedrooms | 24 | 39 | +62.5% |
Summary: The Cottage Grove 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 decreased by 4.8%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 50 | -18.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Cottage Grove in April 2024, down by 18.0% month-over-month. Of the 50 sold homes, 26% were sold under asking, 28% were sold at asking, and 46% were sold over asking.
Days on Market for Cottage Grove, MN
How long does it take to sell a home in Cottage Grove, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 29 Days | -27.3% |
Summary: Homes in Cottage Grove had an average of 29 days on market in Apr 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Cottage Grove; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.