$4,513 Closing Credit*
$380,000
1,435 SqFt
3 Beds
•1 Full Bath
Listing Office: Reliance Realty Advisers, LLC
Is 55005, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55005 has remained a Seller's Market.
Key Takeaway
55005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55005, MN
How much do homes in 55005, MN cost?
Median Sold Price
$405,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$11,875(+3.0%)
Key Takeaway
Homes in 55005 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 55005 was $405,000 in December 2024, up 3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $202.5K | N/A |
| 2 Bedrooms | $350K | $247.4K | -29.3% |
| 3 Bedrooms | $345K | $397K | +15.1% |
| 4 Bedrooms | $429K | $467.5K | +9.0% |
| 5+ Bedrooms | $466.5K | $430K | -7.8% |
Summary: 55005 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 29.3%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 7.8%.
Housing Supply in 55005, MN
How many homes are available in 55005, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Summary: The 55005 real estate market had 14 homes for sale in December 2024, a 26.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 55005 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55005, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55005 in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 55005, MN
How long does it take to sell a home in 55005, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 76 Days | 11 Days | -85.7% |
Summary: Homes in 55005 had an average of 11 days on market in Dec 2024, down by 85.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55005 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in 55005; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
