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Eagan, MN Housing Market Trends
In December 2024, Eagan's real estate market experienced notable growth, with home prices increasing by 10.7% compared to the same period last year, reaching a median sale price of $415K. This rise reflects strong demand and a competitive housing market. On average, homes in Eagan spent 29 days on the market, slightly faster than the 31-day average seen in December 2023, indicating a quicker turnover for properties. Additionally, sales volume saw an uptick, with 52 homes sold this December compared to 47 the previous year, highlighting increased buyer activity and sustained interest in the area.
Eagan's real estate market is highly competitive, with homes typically selling in just 24 days. Many properties attract multiple offers, often with waived contingencies, showcasing the strong demand among buyers. On average, homes in Eagan sell for approximately 1% below their list price, with most going pending within 24 days. However, "hot homes" in high demand can sell for about 1% above the list price and go pending in as little as 13 days, reflecting the urgency and interest in desirable properties.
Eagan, MN, was a strong seller's market in December 2024, indicating that buyer demand exceeded the available housing inventory. This competitive dynamic created favorable conditions for sellers, often leading to faster sales and the potential for multiple offers on properties. For buyers, this means acting quickly and strategically to secure a home in this high-demand market.
Have questions about the Eagan real estate market or ready to explore available properties? Steve is here to help! Whether you're buying, selling, or simply exploring your options, Steve’s expertise and local knowledge will guide you every step of the way. Contact him now to get started on finding your perfect property in Eagan, MN!
Explore everything Eagan, MN, has to offer with our in-depth neighborhood guide. From top-rated schools and vibrant local amenities to housing trends and lifestyle insights, this guide is your go-to resource for finding the perfect place to call home. Start browsing now and uncover what makes Eagan a truly exceptional community!
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