$4,452 Closing Credit*
$374,900
1,819 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Re/Max Advantage Plus
Is 55046, 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, 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 October 2023
-$5,000(-1.4%)
Key Takeaway
Homes in 55046 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 55046 was $360,000 in October 2024, down 1.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $215K | -6.5% |
| 3 Bedrooms | $365K | $330K | -9.6% |
| 4 Bedrooms | $375K | $365K | -2.7% |
| 5+ Bedrooms | $461K | $405.9K | -12.0% |
Summary: 55046 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 6.5%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 12%.
Housing Supply in 55046, MN
How many homes are available in 55046, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Summary: The 55046 real estate market had 32 homes for sale in October 2024, a 28.0% 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 | 2 | 8 | +300.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55046 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 300%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55046, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 55046 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 59 Days | +115.3% |
Summary: Homes in 55046 had an average of 59 days on market in Oct 2024, up by 115.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55046 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 55046; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
