$3,266 Closing Credit*
$275,000
1,360 SqFt
2 Beds
•2 Full Baths
Listing Office: RE/MAX Advantage Plus
Is 55054, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55054 was a Seller's Market.
Key Takeaway
55054 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55054, MN
How much do homes in 55054, MN cost?
Median Sold Price
$400,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-4.8%)
Key Takeaway
Homes in 55054 have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in 55054 was $400,000 in October 2024, down 4.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $300K | -13.0% |
| 3 Bedrooms | $377K | $344.5K | -8.6% |
| 4 Bedrooms | $440K | $420K | -4.5% |
| 5+ Bedrooms | $453.5K | $439K | -3.2% |
Summary: 55054 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 13%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Zip Codes
| 55020 | $499.9K | $477.5K | -4.5% |
| 55054 | $420K | $400K | -4.8% |
Housing Supply in 55054, MN
How many homes are available in 55054, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Summary: The 55054 real estate market had 14 homes for sale in October 2024, a 75.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 6 | 11 | +83.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55054 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55054, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55054 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55054, MN
How long does it take to sell a home in 55054, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 36 Days | -32.4% |
Summary: Homes in 55054 had an average of 36 days on market in Oct 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55054 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 55054; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
