$6,401 Closing Credit*
$539,000
2,493 SqFt
4 Beds
•2 Full Baths
Listing Office: Edina Realty, Inc.
Is 55068, 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, 55068 was a Seller's Market.
Key Takeaway
55068 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55068, MN
How much do homes in 55068, MN cost?
Median Sold Price
$408,820
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,993(+4.9%)
Key Takeaway
Homes in 55068 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 55068 was $408,820 in November 2024, up 4.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $189.5K | -15.8% |
| 2 Bedrooms | $280K | $287K | +2.5% |
| 3 Bedrooms | $361.3K | $364.9K | +1.0% |
| 4 Bedrooms | $475K | $490K | +3.2% |
| 5+ Bedrooms | $575K | $605K | +5.2% |
Summary: 55068 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 55068, MN
How many homes are available in 55068, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 212 | 224 | +5.7% |
Summary: The 55068 real estate market had 224 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 26 | 27 | +3.8% |
| 3 Bedrooms | 76 | 79 | +3.9% |
| 4 Bedrooms | 72 | 71 | -1.4% |
| 5+ Bedrooms | 35 | 44 | +25.7% |
Summary: The 55068 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 3.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 25.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 34 | -27.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55068, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 55068 in November 2024, down by 27.7% month-over-month. Of the 34 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% were sold over asking.
Days on Market for 55068, MN
How long does it take to sell a home in 55068, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 39 Days | +40.4% |
Summary: Homes in 55068 had an average of 39 days on market in Nov 2024, up by 40.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55068 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in 55068; 56% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
