Is 55025, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55025 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $218.7K$455K
+108.0%
2 $298K$288.9K
-3.1%
3 $384K$380K
-1.0%
4 $437.5K$426K
-2.6%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

55014
+3.1%
55025
+2.0%
55092
0.0%
55013
-0.6%
55038
-3.8%

Housing Supply in 55025, MN

How many homes are available in 55025, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132142+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

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 3541
+17.1%
3 4952
+6.1%
4 4040
0.0%
5+ 88
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 2024Oct 2024CHANGE
3025-16.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
35 Days45 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 55025, MN

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