Oak Park Heights Real Estate Market Report: October 2024
In October 2024, the median sale price in Oak Park Heights was $404,000, up 16.3% from a year earlier.
- Median Sales Price
- $404,000
- +16.3% vs. October 2023
- Homes for Sale
- 4
- -42.9% vs. October 2023
- Months Supply
- 1.1
- -38.9% vs. October 2023
- Seller's market
- Days on Market
- 40
- +66.7% vs. October 2023
- Closed Sales
- 6
- +0% vs. October 2023
- Percent of Original List Received
- 95.4%
- -3.2 pts vs. October 2023
What this means
The median sale price has increased by 16% from last year to $404,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 16 days longer than last year, averaging 40 days on market, and sellers are receiving 95.4% of their original asking price.
The area is currently a seller's market with 1.1 months of supply. Active inventory is down 43% from last year to 4 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Oak Park Heights market
Is Oak Park Heights a buyer's or seller's market?
Oak Park Heights was a seller's market in October 2024, with 1.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 4 homes for sale.
How fast are homes selling in Oak Park Heights?
Homes that sold in October 2024 spent an average of 40 days on market, 16 days slower than a year earlier. Sellers received 95.4% of their original list price on average.
Are home prices going up in Oak Park Heights?
Yes. The median sale price rose 16.3% year over year to $404,000. Price per square foot moved the other way (from $249 to $204), which suggests the change mostly reflects the mix of homes sold.
Market trends in Oak Park Heights
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2023 | $330,500 | 4 | 16 | 0.8 |
| October 2023 | $347,450 | 6 | 24 | 1.8 |
| November 2023 | $302,500 | 2 | 63 | 1 |
| December 2023 | $315,000 | 3 | 23 | 0.8 |
| January 2024 | $570,000 | 1 | 66 | 1 |
| February 2024 | $330,900 | 6 | 43 | 0.7 |
| March 2024 | $265,139 | 2 | 14 | 0.5 |
| April 2024 | $358,250 | 2 | 25 | 1 |
| June 2024 | $290,000 | 3 | 60 | 1.4 |
| July 2024 | $269,000 | 2 | 28 | 1.6 |
| August 2024 | $496,925 | 2 | 22 | 1.9 |
| September 2024 | $332,000 | 4 | 57 | 1.7 |
| October 2024 | $404,000 | 6 | 40 | 1.1 |
How Oak Park Heights compares with the Twin Cities region
In October 2024, the median sale price in Twin Cities (16-County Region) was $381,950.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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