$4,097 Closing Credit*
$345,000
3,098 SqFt
3 Beds
•2 Full Baths
Listing Office: Turpen 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 November 2023
Since last year, 55006 has remained a Seller's 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
$251,400
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,600(-3.3%)
Key Takeaway
Homes in 55006 have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in 55006 was $251,400 in November 2024, down 3.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $245K | $208.5K | -14.9% |
| 3 Bedrooms | $220K | $269.9K | +22.7% |
| 4 Bedrooms | $304K | $229.5K | -24.5% |
| 5+ Bedrooms | $290K | $270K | -6.9% |
Summary: 55006 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55069 | $300K | $310K | +3.3% |
| 55006 | $260K | $251.4K | -3.3% |
Housing Supply in 55006, MN
How many homes are available in 55006, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The 55006 real estate market had 11 homes for sale in November 2024, a 15.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 55006 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55006, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55006 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 24 Days | +28.9% |
Summary: Homes in 55006 had an average of 24 days on market in Nov 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55006 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 55006; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
