$7,005 Closing Credit*
$589,900
3,206 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Results
Is 55070, 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, 55070 has remained a Seller's Market.
Key Takeaway
55070 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55070, MN
How much do homes in 55070, MN cost?
Median Sold Price
$360,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,300(+6.0%)
Key Takeaway
Homes in 55070 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 55070 was $360,000 in October 2024, up 6% 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 | - | $289.9K | N/A |
| 2 Bedrooms | $285K | $287.5K | +0.9% |
| 3 Bedrooms | $336K | $353.7K | +5.3% |
| 4 Bedrooms | $349.9K | $372K | +6.3% |
| 5+ Bedrooms | $418.3K | $492K | +17.6% |
Summary: 55070 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 0.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in 55070, MN
How many homes are available in 55070, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The 55070 real estate market had 41 homes for sale in October 2024, a 7.9% 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 12 | 22 | +83.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The 55070 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 42.9%, 3 bedroom homes increased by 83.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55070, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 55070 in October 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for 55070, MN
How long does it take to sell a home in 55070, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 49 Days | +117.8% |
Summary: Homes in 55070 had an average of 49 days on market in Oct 2024, up by 117.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55070 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 55070; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
