$5,819 Closing Credit*
$490,000
2,562 SqFt
5 Beds
•2 Full Baths
Listing Office: Empire Realty LLC
Is 55014, 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, 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
$361,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.4%)
Key Takeaway
Homes in 55014 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 55014 was $361,000 in November 2024, up 1.4% 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 | $260K | $266K | +2.3% |
| 3 Bedrooms | $334K | $341.5K | +2.2% |
| 4 Bedrooms | $400K | $417K | +4.3% |
| 5+ Bedrooms | $465K | $455K | -2.2% |
Summary: 55014 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 2.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in 55014, MN
How many homes are available in 55014, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 74 | -14.0% |
Summary: The 55014 real estate market had 74 homes for sale in November 2024, a 14.0% 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 | 15 | 12 | -20.0% |
| 3 Bedrooms | 36 | 28 | -22.2% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The 55014 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 22.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 19 | -32.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55014, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 55014 in November 2024, down by 32.1% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 46 Days | +230.3% |
Summary: Homes in 55014 had an average of 46 days on market in Nov 2024, up by 230.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55014 has remained consistent over time.
Summary: During November 2024, 19 homes were sold in 55014; 37% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
