$6,828 Closing Credit*
$575,000
2,140 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55025, 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, 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
$396,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,183(+1.6%)
Key Takeaway
Homes in 55025 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 55025 was $396,000 in November 2024, up 1.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $455K | +250.0% |
| 2 Bedrooms | $298K | $294K | -1.3% |
| 3 Bedrooms | $386.7K | $380K | -1.7% |
| 4 Bedrooms | $435K | $430K | -1.1% |
| 5+ Bedrooms | $530K | $507.5K | -4.2% |
Summary: 55025 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 250%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 55025, MN
How many homes are available in 55025, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 124 | -4.6% |
Summary: The 55025 real estate market had 124 homes for sale in November 2024, a 4.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 35 | 34 | -2.9% |
| 3 Bedrooms | 52 | 45 | -13.5% |
| 4 Bedrooms | 35 | 35 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 55025 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55025, you could pay more than the asking price. 56% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 55025 in November 2024, down by 3.8% month-over-month. Of the 25 sold homes, 32% were sold under asking, 12% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 44 Days | +7.1% |
Summary: Homes in 55025 had an average of 44 days on market in Nov 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 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 November 2024, 25 homes were sold in 55025; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
