$3,146 Closing Credit*
$264,900
2,184 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: Edina Realty, Inc.
Is 55019, 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, 55019 has remained a Seller's Market.
Key Takeaway
55019 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55019, MN
How much do homes in 55019, MN cost?
Median Sold Price
$390,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+8.3%)
Key Takeaway
Homes in 55019 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 55019 was $390,000 in October 2024, up 8.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.7K | $230K | -4.1% |
| 3 Bedrooms | $240K | $350K | +45.8% |
| 4 Bedrooms | $452K | $432.5K | -4.3% |
| 5+ Bedrooms | $435K | $454.8K | +4.6% |
Summary: 55019 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 decreased by 4.1%, 3 bedroom homes increased by 45.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in 55019, MN
How many homes are available in 55019, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The 55019 real estate market had 14 homes for sale in October 2024, a 7.7% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55019 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 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 55019, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 55019 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 55019, MN
How long does it take to sell a home in 55019, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 19 Days | -19.2% |
Summary: Homes in 55019 had an average of 19 days on market in Oct 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55019 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 55019; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
