$7,599 Closing Credit*
$639,900
3,058 SqFt
5 Beds
•2 Full Baths
Listing Office: Realty Group, LLC
Is 55011, 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, 55011 has remained a Seller's Market.
Key Takeaway
55011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55011, MN
How much do homes in 55011, MN cost?
Median Sold Price
$440,500
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,500(+1.3%)
Key Takeaway
Homes in 55011 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 55011 was $440,500 in November 2024, up 1.3% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $363.7K | $325K | -10.7% |
| 3 Bedrooms | $380.1K | $416.2K | +9.5% |
| 4 Bedrooms | $450K | $500.2K | +11.2% |
| 5+ Bedrooms | $475K | $477.4K | 0.5% |
Summary: 55011 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 10.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 55011, MN
How many homes are available in 55011, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -11.9% |
Summary: The 55011 real estate market had 52 homes for sale in November 2024, a 11.9% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 26 | 23 | -11.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 55011 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 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55011, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 55011 in November 2024, down by 23.5% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for 55011, MN
How long does it take to sell a home in 55011, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 67 Days | +246.2% |
Summary: Homes in 55011 had an average of 67 days on market in Nov 2024, up by 246.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55011 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 55011; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
