$4,630 Closing Credit*
$389,900
1,633 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Nybo & Assoc
Is 55046, 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, 55046 has remained a Seller's Market.
Key Takeaway
55046 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55046, MN
How much do homes in 55046, MN cost?
Median Sold Price
$360,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100(0.0%)
Key Takeaway
The sold price of homes in 55046 has remained the same since last year.
Summary: The median home sold price in 55046 was $360,000 in November 2024, the same as last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $224K | -2.6% |
| 3 Bedrooms | $345.5K | $330K | -4.5% |
| 4 Bedrooms | $375K | $370K | -1.3% |
| 5+ Bedrooms | $442K | $416K | -5.9% |
Summary: 55046 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 2.6%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 55046, MN
How many homes are available in 55046, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 24 | -22.6% |
Summary: The 55046 real estate market had 24 homes for sale in November 2024, a 22.6% 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 10 | 5 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55046 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 decreased by 12.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55046, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 55046 in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 55046, MN
How long does it take to sell a home in 55046, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 14 Days | -54.8% |
Summary: Homes in 55046 had an average of 14 days on market in Nov 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55046 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 55046; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
