Is Eagan, 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, Eagan has remained a Seller's Market.
Key Takeaway
Eagan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eagan, MN
How much do homes in Eagan, MN cost?
Median Sold Price
$380,341
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eagan have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Eagan was $380,341 in April 2024, up 2.7% 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 | $175K | $155.7K | -11.0% |
| 2 Bedrooms | $249.9K | $245K | -2.0% |
| 3 Bedrooms | $350K | $375K | +7.1% |
| 4 Bedrooms | $451.6K | $460K | +1.8% |
| 5+ Bedrooms | $587K | $597.5K | +1.8% |
Summary: Eagan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Inver Grove Heights | $330K | $371.4K | +12.6% |
| Mendota Heights | $500K | $523.5K | +4.7% |
| Apple Valley | $350K | $365.8K | +4.5% |
| Eagan | $370.4K | $380.3K | +2.7% |
Housing Supply in Eagan, MN
How many homes are available in Eagan, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 179 | 201 | +12.3% |
Summary: The Eagan real estate market had 201 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 5 | -37.5% |
| 2 Bedrooms | 43 | 43 | 0.0% |
| 3 Bedrooms | 62 | 69 | +11.3% |
| 4 Bedrooms | 43 | 52 | +20.9% |
| 5+ Bedrooms | 23 | 32 | +39.1% |
Summary: The Eagan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 53 | +1.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eagan, you could pay more than the asking price. 52.8% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Eagan in April 2024, up by 1.9% month-over-month. Of the 53 sold homes, 25% were sold under asking, 23% were sold at asking, and 53% were sold over asking.
Days on Market for Eagan, MN
How long does it take to sell a home in Eagan, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 25 Days | +64.4% |
Summary: Homes in Eagan had an average of 25 days on market in Apr 2024, up by 64.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eagan are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 53 homes were sold in Eagan; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
