$3,266 Closing Credit*
$275,000
1,371 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Synergy
Is 55037, 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, 55037 has remained a Seller's Market.
Key Takeaway
55037 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55037, MN
How much do homes in 55037, MN cost?
Median Sold Price
$247,750
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,750(+27.1%)
Key Takeaway
Homes in 55037 have sold for 27.1% more than they did a year ago.
Summary: The median home sold price in 55037 was $247,750 in October 2024, up 27.1% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.2K | $41K | -24.4% |
| 2 Bedrooms | $231K | $120K | -48.1% |
| 3 Bedrooms | $260K | $263K | +1.2% |
| 4 Bedrooms | $232K | $265K | +14.2% |
| 5+ Bedrooms | - | $430K | N/A |
Summary: 55037 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes decreased by 48.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes did not change.
Housing Supply in 55037, MN
How many homes are available in 55037, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The 55037 real estate market had 25 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 55037 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55037, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 55037 in October 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 55037, MN
How long does it take to sell a home in 55037, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 79 Days | +46.5% |
Summary: Homes in 55037 had an average of 79 days on market in Oct 2024, up by 46.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55037 has remained consistent over time.
Summary: During October 2024, 7 homes were sold in 55037; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
