Is Champlin, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Champlin has remained a Seller's Market.
Key Takeaway
Champlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Champlin, MN
How much do homes in Champlin, MN cost?
Median Sold Price
$364,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Champlin have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Champlin was $364,000 in May 2024, down 0.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $231.5K | N/A |
| 2 Bedrooms | $247K | $268K | +8.5% |
| 3 Bedrooms | $331K | $351.9K | +6.3% |
| 4 Bedrooms | $395K | $387.5K | -1.9% |
| 5+ Bedrooms | $643.6K | $521K | -19.1% |
Summary: Champlin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Cities
| Coon Rapids | $309.9K | $325K | +4.8% |
| Brooklyn Park | $330.6K | $338.5K | +2.4% |
| Anoka | $355.1K | $360.5K | +1.5% |
| Dayton | $481.4K | $483K | 0.3% |
| Champlin | $367.4K | $364K | -0.9% |
Housing Supply in Champlin, MN
How many homes are available in Champlin, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 108 | +28.6% |
Summary: The Champlin real estate market had 108 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 23 | 34 | +47.8% |
| 5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The Champlin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Champlin, you could pay more than the asking price. 69% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Champlin in May 2024, up by 31.8% month-over-month. Of the 29 sold homes, 24% were sold under asking, 7% were sold at asking, and 69% were sold over asking.
Days on Market for Champlin, MN
How long does it take to sell a home in Champlin, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +24.8% |
Summary: Homes in Champlin had an average of 12 days on market in May 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Champlin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Champlin; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
