Is Dayton, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dayton was a Seller's Market.
Housing Prices in Dayton, MN
How much do homes in Dayton, MN cost?
Median Sold Price
$483,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dayton was $483,000 in May 2024, up 0.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $457.4K | $457.4K | 0.0% |
3 Bedrooms | $389.8K | $365.9K | -6.1% |
4 Bedrooms | $498.9K | $546.8K | +9.6% |
5+ Bedrooms | $624.9K | $603K | -3.5% |
Summary: Dayton 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 did not change, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in Dayton, MN
How many homes are available in Dayton, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 140 | +19.7% |
Summary: The Dayton real estate market had 140 homes for sale in May 2024, a 19.7% 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 | 1 | 4 | +300.0% |
3 Bedrooms | 36 | 48 | +33.3% |
4 Bedrooms | 60 | 68 | +13.3% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Dayton 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 300%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 16 | -44.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Dayton in May 2024, down by 44.8% month-over-month. Of the 16 sold homes, 31% were sold under asking, 50% were sold at asking, and 19% were sold over asking.
Days on Market for Dayton, MN
How long does it take to sell a home in Dayton, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 45 Days | +54.4% |
Summary: Homes in Dayton had an average of 45 days on market in May 2024, up by 54.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Dayton; 44% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.