Is 55013, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55013 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 55013 has remained a Seller's Market.

Key Takeaway

55013 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55013, MN

How much do homes in 55013, MN cost?

Median Sold Price

$418,766

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$6,233(-1.5%)

Key Takeaway

Homes in 55013 have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in 55013 was $418,766 in December 2024, down 1.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $322.5K$530K
+64.3%
2 $360K$349.9K
-2.8%
3 $400K$363.5K
-9.1%
4 $455K$450K
-1.1%
5+ $486K$525K
+8.0%

Summary: 55013 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Zip Codes

55045
+2.8%
55025
+2.4%
55013
-1.5%
55079
-5.6%

Housing Supply in 55013, MN

How many homes are available in 55013, MN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2723-14.8%

Summary: The 55013 real estate market had 23 homes for sale in December 2024, a 14.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 149
-35.7%
4 44
0.0%
5+ 24
+100.0%

Summary: The 55013 housing inventory by bedroom type for December 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 35.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55013, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 55013 in December 2024, down by 22.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for 55013, MN

How long does it take to sell a home in 55013, MN?

Average Sale Time

Dec 2023Dec 2024CHANGE
83 Days47 Days-43.4%

Summary: Homes in 55013 had an average of 47 days on market in Dec 2024, down by 43.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55013 has remained consistent over time.

Summary: During December 2024, 7 homes were sold in 55013; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 55013, MN

Nearby Markets to 55013, MN