$3,741 Closing Credit*
$315,000
1,976 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Preferred Realty
Is 55066, 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, 55066 has remained a Seller's Market.
Key Takeaway
55066 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55066, MN
How much do homes in 55066, MN cost?
Median Sold Price
$281,666
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,666(+12.7%)
Key Takeaway
Homes in 55066 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 55066 was $281,666 in October 2024, up 12.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $168K | +6.0% |
| 2 Bedrooms | $208K | $265K | +27.4% |
| 3 Bedrooms | $227K | $269.5K | +18.7% |
| 4 Bedrooms | $327.5K | $400K | +22.1% |
| 5+ Bedrooms | $400K | $340K | -15.0% |
Summary: 55066 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Zip Codes
| 55027 | $291.9K | $368.9K | +26.4% |
| 55066 | $250K | $281.6K | +12.7% |
| 54014 | $327.5K | $310K | -5.3% |
Housing Supply in 55066, MN
How many homes are available in 55066, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 77 | +14.9% |
Summary: The 55066 real estate market had 77 homes for sale in October 2024, a 14.9% 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 | 24 | 22 | -8.3% |
| 3 Bedrooms | 29 | 37 | +27.6% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 55066 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 8.3%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55066, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 55066 in October 2024, the same as the previous month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% were sold over asking.
Days on Market for 55066, MN
How long does it take to sell a home in 55066, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 54 Days | +87.5% |
Summary: Homes in 55066 had an average of 54 days on market in Oct 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55066 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 55066; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
