$3,527 Closing Credit*
$297,000
1,539 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Keller Williams Select Realty
Is 55054, 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, 55054 has remained a Seller's Market.
Key Takeaway
55054 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55054, MN
How much do homes in 55054, MN cost?
Median Sold Price
$400,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$19,950(-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 November 2024, down 4.8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $300K | -13.0% |
| 3 Bedrooms | $393.6K | $314K | -20.2% |
| 4 Bedrooms | $432.5K | $425K | -1.7% |
| 5+ Bedrooms | $450K | $447K | -0.7% |
Summary: 55054 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 13%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Zip Codes
| 55054 | $419.9K | $400K | -4.8% |
| 55020 | $512.5K | $475K | -7.3% |
Housing Supply in 55054, MN
How many homes are available in 55054, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The 55054 real estate market had 15 homes for sale in November 2024, a 25.0% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55054 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55054, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 55054 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 6 Days | -90.9% |
Summary: Homes in 55054 had an average of 6 days on market in Nov 2024, down by 90.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 3 homes were sold in 55054; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
