$5,307 Closing Credit*
$446,870
2,218 SqFt
4 Beds
•2 Full Baths
#6640385, David Pope, Listing Office: Fieldstone Real Estate Special
Is 55009, 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, 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
$360,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,000(+3.4%)
Key Takeaway
Homes in 55009 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 55009 was $360,000 in November 2024, up 3.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $272.5K | $300K | +10.1% |
| 3 Bedrooms | $350K | $326.2K | -6.8% |
| 4 Bedrooms | $352K | $402.5K | +14.3% |
| 5+ Bedrooms | $529K | $367.7K | -30.5% |
Summary: 55009 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 increased by 10.1%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 30.5%.
Housing Supply in 55009, MN
How many homes are available in 55009, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 28 | -17.6% |
Summary: The 55009 real estate market had 28 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 55009 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55009, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55009 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 48 Days | +371.0% |
Summary: Homes in 55009 had an average of 48 days on market in Nov 2024, up by 371% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 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 November 2024, 6 homes were sold in 55009; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
