Is Ham Lake, 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, Ham Lake has remained a Seller's Market.
Key Takeaway
Ham Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ham Lake, MN
How much do homes in Ham Lake, MN cost?
Median Sold Price
$525,900
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ham Lake have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Ham Lake was $525,900 in April 2024, up 10.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $425K | $320K | -24.7% |
| 3 Bedrooms | $442K | $395K | -10.6% |
| 4 Bedrooms | $476K | $564.5K | +18.6% |
| 5+ Bedrooms | $617.5K | $627K | +1.5% |
Summary: Ham Lake 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 decreased by 24.7%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Ham Lake | $475K | $525.9K | +10.7% |
| Columbus | $503.4K | $525K | +4.3% |
| East Bethel | $390K | $399.5K | +2.4% |
| Andover | $439.9K | $439.2K | -0.2% |
| Cedar | $450K | $430K | -4.4% |
Housing Supply in Ham Lake, MN
How many homes are available in Ham Lake, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 64 | +12.3% |
Summary: The Ham Lake real estate market had 64 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Ham Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ham Lake, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Ham Lake in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for Ham Lake, MN
How long does it take to sell a home in Ham Lake, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 35 Days | -54.1% |
Summary: Homes in Ham Lake had an average of 35 days on market in Apr 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ham Lake are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Ham Lake; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
