Is Rosemount, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Rosemount was a Seller's Market.
Key Takeaway
Rosemount is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rosemount, MN
How much do homes in Rosemount, MN cost?
Median Sold Price
$394,278
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rosemount have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Rosemount was $394,278 in April 2024, up 1.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174K | $200K | +14.9% |
| 2 Bedrooms | $277.5K | $285K | +2.7% |
| 3 Bedrooms | $350K | $360.9K | +3.1% |
| 4 Bedrooms | $468.7K | $475K | +1.3% |
| 5+ Bedrooms | $579.9K | $581.4K | 0.3% |
Summary: Rosemount housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Apple Valley | $350K | $365.8K | +4.5% |
| Eagan | $370.4K | $380.3K | +2.7% |
| Rosemount | $389.8K | $394.2K | +1.1% |
| Empire Township | $477K | $435K | -8.8% |
Housing Supply in Rosemount, MN
How many homes are available in Rosemount, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 191 | 227 | +18.8% |
Summary: The Rosemount real estate market had 227 homes for sale in April 2024, a 18.8% 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 | 27 | 31 | +14.8% |
| 3 Bedrooms | 66 | 76 | +15.2% |
| 4 Bedrooms | 64 | 77 | +20.3% |
| 5+ Bedrooms | 34 | 42 | +23.5% |
Summary: The Rosemount 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 14.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 33 | -31.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rosemount, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Rosemount in April 2024, down by 31.3% month-over-month. Of the 33 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Rosemount, MN
How long does it take to sell a home in Rosemount, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 30 Days | -24.0% |
Summary: Homes in Rosemount had an average of 30 days on market in Apr 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
19 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 Rosemount are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in Rosemount; 58% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
