$4,572 Closing Credit*
$385,000
3,846 SqFt
6 Beds
•4 Full Baths
Listing Office: Real Estate Masters, Ltd.
Is 55037, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55037 was a Seller's Market.
Key Takeaway
55037 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55037, MN
How much do homes in 55037, MN cost?
Median Sold Price
$250,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+28.2%)
Key Takeaway
Homes in 55037 have sold for 28.2% more than they did a year ago.
Summary: The median home sold price in 55037 was $250,000 in November 2024, up 28.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.2K | $41K | -24.4% |
| 2 Bedrooms | $231K | $152.5K | -34.0% |
| 3 Bedrooms | $249.9K | $264K | +5.6% |
| 4 Bedrooms | $245.5K | $273K | +11.2% |
| 5+ Bedrooms | - | $430K | N/A |
Summary: 55037 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes decreased by 34%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The 55037 real estate market had 22 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 55037 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55037, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 55037 in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 7 Days | -78.7% |
Summary: Homes in 55037 had an average of 7 days on market in Nov 2024, down by 78.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55037 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 55037; 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.
