$3,206 Closing Credit*
$270,000
860 SqFt
2 Beds
•1 Full Bath
Listing Office: Exit Realty Nexus
Is 55008, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55008 has remained a Seller's Market.
Key Takeaway
55008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55008, MN
How much do homes in 55008, MN cost?
Median Sold Price
$310,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+0.6%)
Key Takeaway
Homes in 55008 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 55008 was $310,000 in October 2024, up 0.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $235.5K | +38.5% |
| 2 Bedrooms | $245K | $262.1K | +7.0% |
| 3 Bedrooms | $315K | $310K | -1.6% |
| 4 Bedrooms | $316K | $324K | +2.5% |
| 5+ Bedrooms | $383.5K | $359.7K | -6.2% |
Summary: 55008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Zip Codes
| 55008 | $308K | $310K | +0.6% |
| 55040 | $339.4K | $330.5K | -2.6% |
| 55080 | $427.5K | $409.9K | -4.1% |
Housing Supply in 55008, MN
How many homes are available in 55008, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 108 | +5.9% |
Summary: The 55008 real estate market had 108 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 48 | 50 | +4.2% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 55008 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 4.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55008, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 55008 in October 2024, down by 20.7% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for 55008, MN
How long does it take to sell a home in 55008, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 27 Days | -9.7% |
Summary: Homes in 55008 had an average of 27 days on market in Oct 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55008 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in 55008; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
