$2,700,000
Land
Listing Office: Keller Williams Premier Realty
Is 55043, 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, 55043 was a Neutral Market.
Key Takeaway
55043 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55043, MN
How much do homes in 55043, MN cost?
Median Sold Price
$375,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,000(-1.6%)
Key Takeaway
Homes in 55043 have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in 55043 was $375,000 in November 2024, down 1.6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $295K | $241K | -18.3% |
| 3 Bedrooms | $380K | $355K | -6.6% |
| 4 Bedrooms | $434.9K | $452K | +3.9% |
| 5+ Bedrooms | $378.8K | $395K | +4.3% |
Summary: 55043 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 55043, MN
How many homes are available in 55043, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The 55043 real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55043 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 remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55043, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 55043 in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 55043, MN
How long does it take to sell a home in 55043, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 31 Days | -16.4% |
Summary: Homes in 55043 had an average of 31 days on market in Nov 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55043 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 55043; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
