$4,155 Closing Credit*
$349,900
1,196 SqFt
3 Beds
•1 Full Bath
Listing Office: Realty Group LLC
Is 55025, 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, 55025 has remained a Seller's Market.
Key Takeaway
55025 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55025, MN
How much do homes in 55025, MN cost?
Median Sold Price
$397,666
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,666(+2.0%)
Key Takeaway
Homes in 55025 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 55025 was $397,666 in October 2024, up 2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218.7K | $455K | +108.0% |
| 2 Bedrooms | $298K | $288.9K | -3.1% |
| 3 Bedrooms | $384K | $380K | -1.0% |
| 4 Bedrooms | $437.5K | $426K | -2.6% |
| 5+ Bedrooms | $530K | $503.7K | -5.0% |
Summary: 55025 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 55025, MN
How many homes are available in 55025, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 132 | 142 | +7.6% |
Summary: The 55025 real estate market had 142 homes for sale in October 2024, a 7.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 35 | 41 | +17.1% |
| 3 Bedrooms | 49 | 52 | +6.1% |
| 4 Bedrooms | 40 | 40 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 55025 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55025, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 55025 in October 2024, down by 16.7% month-over-month. Of the 25 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for 55025, MN
How long does it take to sell a home in 55025, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 45 Days | +30.0% |
Summary: Homes in 55025 had an average of 45 days on market in Oct 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55025 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 55025; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
