Ramsey County Housing Market Report January 2025•Ramsey County, Minnesota

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Housing Prices in Ramsey County, MN

How much do homes in Ramsey County, MN cost?

Housing Market Conditions

Is Ramsey County, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Ramsey County is a Seller's Market

Difference Since January 2024

Since last year, Ramsey County has remained a Seller's Market.

Insight

Ramsey County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$325,576$197/SqFt
+$13,817
+4.4%

Based on all homes sold in the last 12 months

Insight

Homes in Ramsey County have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Ramsey County was $325,576 in January 2025, up 4.4% from last year, and the median price per square foot was $197.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Ramsey County
+4.4%
Anoka County
+2.9%
Washington County
+2.8%
Hennepin County
+2.7%
Dakota County
+2.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$146.3K$140K
-4.3%
2$249.8K$249.9K
0.1%
3$317.9K$324.8K
+2.2%
4$385.9K$403.5K
+4.6%
5$501K$541.8K
+8.2%

Summary: Ramsey County housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -4.3%. The home price for 2 bedroom homes increased by 0.1%. The home price for 3 bedroom homes increased by +2.2%. The home price for 4 bedroom homes increased by +4.6%. The home price for 5 bedroom homes increased by +8.2%.

Housing supply in Ramsey County, MN

How many homes are available in Ramsey County, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,183Last MonthJan 2025
1,2072 months agoDec 2024
-2.0 %
Change MoMDec – Jan

Summary: The Ramsey County real estate market had 1,183 homes for sale in Jan 2025, a 2.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
275Last MonthJan 2025
3992 months agoDec 2024
-31.1 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
179102
+29.1%
2263278
+5.7%
3478440
-7.9%
4276262
-5.1%
5111101
-9.0%

Summary: Ramsey County housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +29.1%. The inventory for 2 bedroom homes increased by +5.7%. The inventory for 3 bedroom homes decreased by -7.9%. The inventory for 4 bedroom homes decreased by -5.1%. The inventory for 5 bedroom homes decreased by -9.0%.

Asking Price vs. Sold Price

How much do homes in Ramsey County, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price78 Homes

At Asking Price63 Homes

Under Asking Price134 Homes

Insight

If you're buying a home in Ramsey County, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.

Summary: A total of 275 homes were sold or pending in Ramsey County in January 2025, down by 31.1% month-over-month. Of the 275 sold homes, 49% were sold under asking, 23% were sold at asking, and and 28% were sold over asking.

Days on Market for Ramsey County, MN

How long does it take to sell a home in Ramsey County, MN?

Breakdown of Home Sale Times

Under 30 Days123 Homes

30 – 90 Days106 Homes

Over 90 Days41 Homes

Insight

Many homes in Ramsey County are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 275 homes were sold in Ramsey County; 45% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
46 DaysThis YearJan 2025
42 Days1 year agoJan 2024
+7.7 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Ramsey County had an average listing age of 46 days in Jan 2025, up by 7.7% compared to the previous year.

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Newest Listings in Ramsey County, MN

What homes are available in Ramsey County, MN?

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Last updated on: 2/21/2025, 3:22:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 2/21/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.