$3,563 Closing Credit*
$300,000
1,607 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55003, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 55003 was a Buyer's Market.
Key Takeaway
55003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55003, MN
How much do homes in 55003, MN cost?
Median Sold Price
$517,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$141,250(+37.5%)
Key Takeaway
Homes in 55003 have sold for 37.5% more than they did a year ago.
Summary: The median home sold price in 55003 was $517,500 in December 2024, up 37.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | - | N/A |
| 2 Bedrooms | $310K | $294.5K | -5.0% |
| 3 Bedrooms | $365K | $559.9K | +53.4% |
| 4 Bedrooms | $417K | $556K | +33.3% |
| 5+ Bedrooms | $608.1K | $530K | -12.8% |
Summary: 55003 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 53.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 55003, MN
How many homes are available in 55003, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The 55003 real estate market had 12 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55003 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55003, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55003 in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 55003, MN
How long does it take to sell a home in 55003, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +42.6% |
Summary: Homes in 55003 had an average of 25 days on market in Dec 2024, up by 42.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55003 has remained consistent over time.
Summary: During December 2024, 3 homes were sold in 55003; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
