The housing market in Maplewood, Minnesota remained strong and steady throughout 2015. Similar to other communities in the Minneapolis/St. Paul metro, this Ramsey County city has real estate sales statistics remained solid with abundant sales and new listings. Both the number of new listings and closed sales were up from 2014 and the average sold price was steady coming in slightly lower than last year at just under $200K. Keep in mind; just four years ago the average price of a home was over $50K less at $146,957. Continued sales at a steady price show a solid comeback for housing sales in the area.
Back in 2011, Maplewood homes were bringing in an average price per square foot of $82 which was similar to many other communities in the northeast Minneapolis/St. Paul area at that time. In 2015, Maplewood home sellers saw the price per square foot rise a tad over the 2014 price to $108 on average but significantly higher than four years ago. Sellers continue to get about 96% of their asking price in 2015 but the time to sell a home has decreased. The average time on the market to sell a home was down significantly from 2014, taking an average of 69 days to sell. Compare this to the 164 average days on market (DOM) statistic in 2011 to realize just how big the rebound of the Maplewood market has been. A limited housing inventory will continue to push prices up slightly and homes appear to be selling at a somewhat brisk pace. Maplewood home owners considering selling in 2015 might want to get their home listed early. The housing market is strong and inventory is low giving a slight edge to sellers when a home is well priced and properly prepared to list.
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