Oak Park Heights Real Estate Market Report: November 2024
In November 2024, the median sale price in Oak Park Heights was $320,000, up 5.8% from a year earlier.
- Median Sales Price
- $320,000
- +5.8% vs. November 2023
- Homes for Sale
- 5
- +25% vs. November 2023
- Months Supply
- 1.4
- +40% vs. November 2023
- Seller's market
- Days on Market
- 25
- -60.3% vs. November 2023
- Closed Sales
- 5
- +150% vs. November 2023
- Percent of Original List Received
- 98.7%
- +1 pts vs. November 2023
What this means
The median sale price has increased by 6% from last year to $320,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 38 days more quickly than last year, averaging 25 days on market, and sellers are receiving 98.7% of their original asking price.
The area is currently a seller's market with 1.4 months of supply. Active inventory is up 25% from last year to 5 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 November 2024, with 1.4 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 5 homes for sale.
How fast are homes selling in Oak Park Heights?
Homes that sold in November 2024 spent an average of 25 days on market, 38 days faster than a year earlier. Sellers received 98.7% of their original list price on average.
Are home prices going up in Oak Park Heights?
Yes. The median sale price rose 5.8% year over year to $320,000. Price per square foot moved in the same direction (from $210 to $228), which suggests a real change in values rather than a shift in 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 |
| November 2024 | $320,000 | 5 | 25 | 1.4 |
How Oak Park Heights compares with the Twin Cities region
In November 2024, the median sale price in Twin Cities (16-County Region) was $376,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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