$2,672 Closing Credit*
$225,000
1,216 SqFt
2 Beds
•2 Full Baths
Listing Office: Edina Realty, Inc.
Is 55006, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55006 was a Neutral Market.
Key Takeaway
55006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55006, MN
How much do homes in 55006, MN cost?
Median Sold Price
$250,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-9.1%)
Key Takeaway
Homes in 55006 have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in 55006 was $250,000 in October 2024, down 9.1% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $219.7K | $250K | +13.8% |
| 3 Bedrooms | $231K | $258.2K | +11.8% |
| 4 Bedrooms | $315K | $220K | -30.2% |
| 5+ Bedrooms | $290K | $270K | -6.9% |
Summary: 55006 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 30.2%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55069 | $299.9K | $310K | +3.4% |
| 55080 | $427.5K | $409.9K | -4.1% |
| 55006 | $275K | $250K | -9.1% |
Housing Supply in 55006, MN
How many homes are available in 55006, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The 55006 real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55006 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55006, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55006 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 55006, MN
How long does it take to sell a home in 55006, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 56 Days | +78.3% |
Summary: Homes in 55006 had an average of 56 days on market in Oct 2024, up by 78.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55006 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 55006; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
