$5,641 Closing Credit*
$475,000
1,611 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Realty Group LLC
Is 55013, 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, 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
$424,950
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,550(-0.6%)
Key Takeaway
Homes in 55013 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 55013 was $424,950 in October 2024, down 0.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.5K | $530K | +64.3% |
| 2 Bedrooms | $350K | $330K | -5.7% |
| 3 Bedrooms | $452K | $399.9K | -11.5% |
| 4 Bedrooms | $467.4K | $475K | +1.6% |
| 5+ Bedrooms | $472.5K | $525K | +11.1% |
Summary: 55013 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.3%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 55013, MN
How many homes are available in 55013, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Summary: The 55013 real estate market had 39 homes for sale in October 2024, a 4.9% decrease 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 55013 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 decreased by 11.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55013, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 55013 in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 39 Days | -2.4% |
Summary: Homes in 55013 had an average of 39 days on market in Oct 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55013 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 55013; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
