$4,036 Closing Credit*
$339,900
2,072 SqFt
4 Beds
•1 Full Bath
Listing Office: Cannon Realty
Is 55066, 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, 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
$280,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,500(+11.8%)
Key Takeaway
Homes in 55066 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 55066 was $280,000 in November 2024, up 11.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $193.2K | +31.0% |
| 2 Bedrooms | $200K | $265K | +32.5% |
| 3 Bedrooms | $230K | $269.5K | +17.2% |
| 4 Bedrooms | $330.7K | $400K | +20.9% |
| 5+ Bedrooms | $366K | $365K | -0.3% |
Summary: 55066 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Zip Codes
| 55066 | $250.5K | $280K | +11.8% |
| 54014 | $340K | $308.5K | -9.3% |
Housing Supply in 55066, MN
How many homes are available in 55066, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 71 | -7.8% |
Summary: The 55066 real estate market had 71 homes for sale in November 2024, a 7.8% decrease 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 | 22 | 21 | -4.5% |
| 3 Bedrooms | 37 | 32 | -13.5% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 55066 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 decreased by 4.5%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55066, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 55066 in November 2024, up by 17.6% month-over-month. Of the 20 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 41 Days | +30.3% |
Summary: Homes in 55066 had an average of 41 days on market in Nov 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
12 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 November 2024, 20 homes were sold in 55066; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
