Is 55030, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55030 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 55030 has remained a Seller's Market.

Key Takeaway

55030 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55030, MN

How much do homes in 55030, MN cost?

Median Sold Price

$395,000

$118/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$37,500(+10.5%)

Key Takeaway

Homes in 55030 have sold for 10.5% more than they did a month ago.

Summary: The median home sold price in 55030 was $395,000 in November 2024, up 10.5% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $480K-
N/A
4 $235K-
N/A
5+ -$395K
N/A

Summary: 55030 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

55030
+10.5%
55007
-9.6%

Housing Supply in 55030, MN

How many homes are available in 55030, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
67+16.7%

Summary: The 55030 real estate market had 7 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 11
0.0%
5+ 22
0.0%

Summary: The 55030 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55030, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 55030 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 55030, MN

How long does it take to sell a home in 55030, MN?

Average Sale Time

Oct 2024Nov 2024CHANGE
24 Days17 Days-30.6%

Summary: Homes in 55030 had an average of 17 days on market in Nov 2024, down by 30.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55030 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 55030; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in 55030, MN

Nearby Markets to 55030, MN