$4,548 Closing Credit*
$383,000
2,416 SqFt
5 Beds
•2 Full Baths
Listing Office: Re/Max Advantage Plus
Is 55044, 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, 55044 has remained a Seller's Market.
Key Takeaway
55044 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55044, MN
How much do homes in 55044, MN cost?
Median Sold Price
$518,329
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,530(+4.3%)
Key Takeaway
Homes in 55044 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 55044 was $518,329 in October 2024, up 4.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $350K | $319.5K | -8.7% |
| 3 Bedrooms | $410.4K | $409.7K | -0.2% |
| 4 Bedrooms | $517K | $535K | +3.5% |
| 5+ Bedrooms | $642.2K | $653K | +1.7% |
Summary: 55044 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 55044, MN
How many homes are available in 55044, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 314 | 345 | +9.9% |
Summary: The 55044 real estate market had 345 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 32 | +45.5% |
| 3 Bedrooms | 97 | 94 | -3.1% |
| 4 Bedrooms | 111 | 128 | +15.3% |
| 5+ Bedrooms | 84 | 91 | +8.3% |
Summary: The 55044 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 73 | +15.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55044, you may be able to get a good deal. 47.9% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in 55044 in October 2024, up by 15.9% month-over-month. Of the 73 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for 55044, MN
How long does it take to sell a home in 55044, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 35 Days | -6.4% |
Summary: Homes in 55044 had an average of 35 days on market in Oct 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55044 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 73 homes were sold in 55044; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
