$239,000
Land
Listing Office: Weichert, REALTORS- Heartland
Is 55021, 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, 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 November 2023
+$30,900(+11.5%)
Key Takeaway
Homes in 55021 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 55021 was $299,900 in November 2024, up 11.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.4K | $160K | -16.9% |
| 2 Bedrooms | $205K | $237.5K | +15.9% |
| 3 Bedrooms | $255K | $274K | +7.5% |
| 4 Bedrooms | $297.4K | $347K | +16.7% |
| 5+ Bedrooms | $359K | $459.3K | +28.0% |
Summary: 55021 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Zip Codes
| 55021 | $269K | $299.9K | +11.5% |
| 55019 | $387.4K | $420.5K | +8.5% |
| 55046 | $359.9K | $360K | 0.0% |
Housing Supply in 55021, MN
How many homes are available in 55021, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 112 | 100 | -10.7% |
Summary: The 55021 real estate market had 100 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 46 | 42 | -8.7% |
| 4 Bedrooms | 26 | 21 | -19.2% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The 55021 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 23 | -23.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55021, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 55021 in November 2024, down by 23.3% month-over-month. Of the 23 sold homes, 74% were sold under asking, 9% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +31.7% |
Summary: Homes in 55021 had an average of 36 days on market in Nov 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 23 homes were sold in 55021; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
