$6,649 Closing Credit*
$559,900
2,707 SqFt
5 Beds
•1 Full Bath
Listing Office: Keller Williams Realty Integrity
Is 55024, 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, 55024 has remained a Seller's Market.
Key Takeaway
55024 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55024, MN
How much do homes in 55024, MN cost?
Median Sold Price
$424,115
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,182(+8.8%)
Key Takeaway
Homes in 55024 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 55024 was $424,115 in November 2024, up 8.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.5K | - | N/A |
| 2 Bedrooms | $269.4K | $270.5K | 0.4% |
| 3 Bedrooms | $370K | $381K | +3.0% |
| 4 Bedrooms | $425K | $449.2K | +5.7% |
| 5+ Bedrooms | $513.1K | $524K | +2.1% |
Summary: 55024 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 0.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 55024, MN
How many homes are available in 55024, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 271 | 258 | -4.8% |
Summary: The 55024 real estate market had 258 homes for sale in November 2024, a 4.8% 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 | 45 | 39 | -13.3% |
| 3 Bedrooms | 90 | 88 | -2.2% |
| 4 Bedrooms | 87 | 85 | -2.3% |
| 5+ Bedrooms | 49 | 46 | -6.1% |
Summary: The 55024 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 13.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 44 | -35.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55024, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 55024 in November 2024, down by 35.3% month-over-month. Of the 44 sold homes, 43% were sold under asking, 34% were sold at asking, and 23% were sold over asking.
Days on Market for 55024, MN
How long does it take to sell a home in 55024, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 36 Days | -14.0% |
Summary: Homes in 55024 had an average of 36 days on market in Nov 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55024 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in 55024; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
