Is Coon Rapids, 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, Coon Rapids has remained a Seller's Market.
Housing Prices in Coon Rapids, MN
How much do homes in Coon Rapids, MN cost?
Median Sold Price
$325,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coon Rapids was $325,000 in April 2024, up 6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $239.9K | $249.9K | +4.2% |
3 Bedrooms | $300.6K | $320K | +6.4% |
4 Bedrooms | $350K | $357.9K | +2.3% |
5+ Bedrooms | $380K | $395.5K | +4.1% |
Summary: Coon Rapids housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Coon Rapids | $306.7K | $325K | +6.0% |
Fridley | $308K | $315K | +2.3% |
Anoka | $354.3K | $359.7K | +1.5% |
Blaine | $373.2K | $375.3K | +0.6% |
Brooklyn Park | $335K | $335.9K | 0.3% |
Housing Supply in Coon Rapids, MN
How many homes are available in Coon Rapids, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
174 | 199 | +14.4% |
Summary: The Coon Rapids real estate market had 199 homes for sale in April 2024, a 14.4% 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 | 41 | 53 | +29.3% |
3 Bedrooms | 74 | 75 | +1.4% |
4 Bedrooms | 52 | 61 | +17.3% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Coon Rapids 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 29.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 66 | +37.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Coon Rapids in April 2024, up by 37.5% month-over-month. Of the 66 sold homes, 20% were sold under asking, 21% were sold at asking, and 59% were sold over asking.
Days on Market for Coon Rapids, MN
How long does it take to sell a home in Coon Rapids, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 17 Days | +21.8% |
Summary: Homes in Coon Rapids had an average of 17 days on market in Apr 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 66 homes were sold in Coon Rapids; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.