$7,066 Closing Credit*
$595,000
2,318 SqFt
4 Beds
•1 Full Bath
Listing Office: WEICHERT REALTORS®-Carnel & Co.
Is 55009, 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, 55009 has remained a Seller's Market.
Key Takeaway
55009 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55009, MN
How much do homes in 55009, MN cost?
Median Sold Price
$356,250
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,250(+2.1%)
Key Takeaway
Homes in 55009 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 55009 was $356,250 in October 2024, up 2.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $272.5K | $312K | +14.5% |
| 3 Bedrooms | $355K | $326.2K | -8.1% |
| 4 Bedrooms | $350K | $390K | +11.4% |
| 5+ Bedrooms | $476.2K | $367.7K | -22.8% |
Summary: 55009 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 14.5%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 22.8%.
Median Sold Price Compared To Nearby Zip Codes
| 55009 | $349K | $356.2K | +2.1% |
| 55089 | $540.6K | $425K | -21.4% |
Housing Supply in 55009, MN
How many homes are available in 55009, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The 55009 real estate market had 36 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 55009 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 remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55009, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 55009 in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 55009, MN
How long does it take to sell a home in 55009, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 56 Days | +103.6% |
Summary: Homes in 55009 had an average of 56 days on market in Oct 2024, up by 103.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55009 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 55009; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
