$9,797 Closing Credit*
$825,000
4,653 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: eXp Realty
Is 55044, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$510,066
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,593(+1.9%)
Key Takeaway
Homes in 55044 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 55044 was $510,066 in November 2024, up 1.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $350K | $317.5K | -9.3% |
| 3 Bedrooms | $416.3K | $403.6K | -3.0% |
| 4 Bedrooms | $521.5K | $534.9K | +2.6% |
| 5+ Bedrooms | $644.5K | $654.8K | +1.6% |
Summary: 55044 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 9.3%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in 55044, MN
How many homes are available in 55044, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 309 | 299 | -3.2% |
Summary: The 55044 real estate market had 299 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 34 | +25.9% |
| 3 Bedrooms | 82 | 76 | -7.3% |
| 4 Bedrooms | 117 | 120 | +2.6% |
| 5+ Bedrooms | 83 | 69 | -16.9% |
Summary: The 55044 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 increased by 25.9%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 16.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 50 | -42.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55044, you may be able to get a good deal. 46% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 55044 in November 2024, down by 42.5% month-over-month. Of the 50 sold homes, 46% were sold under asking, 30% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +8.9% |
Summary: Homes in 55044 had an average of 35 days on market in Nov 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 50 homes were sold in 55044; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
