$880,000
Land
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 November 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
$420,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,050(+8.5%)
Key Takeaway
Homes in 55019 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 55019 was $420,500 in November 2024, up 8.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $242K | $229.7K | -5.1% |
| 3 Bedrooms | $264K | $362K | +37.1% |
| 4 Bedrooms | $456K | $438.4K | -3.8% |
| 5+ Bedrooms | $435K | $458.8K | +5.5% |
Summary: 55019 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 decreased by 5.1%, 3 bedroom homes increased by 37.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in 55019, MN
How many homes are available in 55019, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The 55019 real estate market had 10 homes for sale in November 2024, a 16.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 1 | -75.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55019 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 remained the same, 3 bedroom homes decreased by 75%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55019, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 55019 in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 83 Days | +220.5% |
Summary: Homes in 55019 had an average of 83 days on market in Nov 2024, up by 220.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55019 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 55019; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
