$3,384 Closing Credit*
$285,000
1,200 SqFt
3 Beds
•1 Full Bath
Listing Office: Rocket Realty
Is 55063, 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, 55063 has remained a Seller's Market.
Key Takeaway
55063 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 October 2023
+$19,900(+7.1%)
Key Takeaway
Homes in 55063 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 55063 was $299,900 in October 2024, up 7.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $249.9K | 0% |
| 2 Bedrooms | $254K | $260K | +2.4% |
| 3 Bedrooms | $280K | $310K | +10.7% |
| 4 Bedrooms | $357.1K | $349.9K | -2.0% |
| 5+ Bedrooms | $400K | $278K | -30.5% |
Summary: 55063 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 increased by 2.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 30.5%.
Housing Supply in 55063, MN
How many homes are available in 55063, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 63 | +5.0% |
Summary: The 55063 real estate market had 63 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 55063 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 decreased by 6.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55063, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 55063 in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 50 Days | -1.0% |
Summary: Homes in 55063 had an average of 50 days on market in Oct 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55063 has remained consistent over time.
Summary: During October 2024, 14 homes were sold in 55063; 36% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
