$5,641 Closing Credit*
$475,000
1,258 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55014, 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, 55014 has remained a Seller's Market.
Key Takeaway
55014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55014, MN
How much do homes in 55014, MN cost?
Median Sold Price
$365,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+3.1%)
Key Takeaway
Homes in 55014 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 55014 was $365,000 in October 2024, up 3.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $262K | +0.8% |
| 3 Bedrooms | $332K | $343K | +3.3% |
| 4 Bedrooms | $404.3K | $405.5K | 0.3% |
| 5+ Bedrooms | $475K | $434.9K | -8.4% |
Summary: 55014 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 0.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in 55014, MN
How many homes are available in 55014, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 86 | +4.9% |
Summary: The 55014 real estate market had 86 homes for sale in October 2024, a 4.9% increase 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 | 8 | 14 | +75.0% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The 55014 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 increased by 75%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55014, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 55014 in October 2024, up by 22.7% month-over-month. Of the 27 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for 55014, MN
How long does it take to sell a home in 55014, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 40 Days | +187.0% |
Summary: Homes in 55014 had an average of 40 days on market in Oct 2024, up by 187% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55014 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 55014; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
