$3,147 Closing Credit*
$265,000
1,729 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55021, 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, 55021 has remained a Seller's Market.
Key Takeaway
55021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55021, MN
How much do homes in 55021, MN cost?
Median Sold Price
$299,900
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,150(+12.0%)
Key Takeaway
Homes in 55021 have sold for 12% more than they did a year ago.
Summary: The median home sold price in 55021 was $299,900 in October 2024, up 12% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.4K | $160K | -16.9% |
| 2 Bedrooms | $197.9K | $241K | +21.7% |
| 3 Bedrooms | $254.9K | $275K | +7.9% |
| 4 Bedrooms | $295K | $347K | +17.6% |
| 5+ Bedrooms | $379.5K | $478.7K | +26.1% |
Summary: 55021 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Zip Codes
| 55021 | $267.7K | $299.9K | +12.0% |
| 55019 | $360K | $390K | +8.3% |
| 55046 | $365K | $360K | -1.4% |
Housing Supply in 55021, MN
How many homes are available in 55021, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 125 | +8.7% |
Summary: The 55021 real estate market had 125 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 40 | 48 | +20.0% |
| 4 Bedrooms | 31 | 29 | -6.5% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The 55021 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 29 | +26.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55021, expect to pay close to the asking price. 37.9% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in 55021 in October 2024, up by 26.1% month-over-month. Of the 29 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for 55021, MN
How long does it take to sell a home in 55021, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 44 Days | +39.7% |
Summary: Homes in 55021 had an average of 44 days on market in Oct 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55021 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 55021; 48% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
