$3,562 Closing Credit*
$299,999
1,728 SqFt
5 Beds
•1 Full Bath
Listing Office: Keller Williams Premier Realty
Is 55063, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55063 was a Seller's Market.
Key Takeaway
55063 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55063, MN
How much do homes in 55063, MN cost?
Median Sold Price
$299,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,400(+5.8%)
Key Takeaway
Homes in 55063 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 55063 was $299,900 in November 2024, up 5.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $249.9K | +78.5% |
| 2 Bedrooms | $257.6K | $260K | +0.9% |
| 3 Bedrooms | $280K | $309.9K | +10.7% |
| 4 Bedrooms | $357.1K | $349.9K | -2.0% |
| 5+ Bedrooms | $412.5K | $278K | -32.6% |
Summary: 55063 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 32.6%.
Housing Supply in 55063, MN
How many homes are available in 55063, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 46 | -9.8% |
Summary: The 55063 real estate market had 46 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55063 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55063, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 55063 in November 2024, down by 60.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 55063, MN
How long does it take to sell a home in 55063, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 31 Days | -23.8% |
Summary: Homes in 55063 had an average of 31 days on market in Nov 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55063 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 55063; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
