$4,453 Closing Credit*
$375,000
1,394 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Classic Realty
Is 55070, 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, 55070 was a Neutral 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
$359,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,500(+5.7%)
Key Takeaway
Homes in 55070 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 55070 was $359,500 in November 2024, up 5.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $289.9K | N/A |
| 2 Bedrooms | $280.5K | $288.7K | +2.9% |
| 3 Bedrooms | $339K | $353.7K | +4.4% |
| 4 Bedrooms | $355K | $365K | +2.8% |
| 5+ Bedrooms | $418.3K | $492K | +17.6% |
Summary: 55070 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 2.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The 55070 real estate market had 36 homes for sale in November 2024, a 9.1% increase 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 55070 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 75%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 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 55070, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 55070 in November 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 27 Days | -59.0% |
Summary: Homes in 55070 had an average of 27 days on market in Nov 2024, down by 59% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55070 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 55070; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
