$3,490 Closing Credit*
$293,900
1,216 SqFt
2 Beds
•1 Full Bath
Listing Office: Petersen-Properties.com
Is 55045, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55045 has remained a Seller's Market.
Key Takeaway
55045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55045, MN
How much do homes in 55045, MN cost?
Median Sold Price
$390,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,530(+2.8%)
Key Takeaway
Homes in 55045 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 55045 was $390,000 in December 2024, up 2.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $349.9K | +2.9% |
| 2 Bedrooms | $317.5K | $282.5K | -11.0% |
| 3 Bedrooms | $376K | $358.5K | -4.7% |
| 4 Bedrooms | $420K | $399.9K | -4.8% |
| 5+ Bedrooms | $399K | $670K | +67.9% |
Summary: 55045 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 67.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55074 | $295K | $312.2K | +5.8% |
| 55012 | $427.7K | $448.7K | +4.9% |
| 55045 | $379.4K | $390K | +2.8% |
| 55013 | $425K | $418.7K | -1.5% |
Housing Supply in 55045, MN
How many homes are available in 55045, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The 55045 real estate market had 22 homes for sale in December 2024, a 15.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 55045 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55045, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 55045 in December 2024, down by 20.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for 55045, MN
How long does it take to sell a home in 55045, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 66 Days | 33 Days | -49.2% |
Summary: Homes in 55045 had an average of 33 days on market in Dec 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55045 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in 55045; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
