Listing Office: Re/Max Reliance, Inc.
Is 55072, 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, 55072 was a Seller's Market.
Housing Prices in 55072, MN
How much do homes in 55072, MN cost?
Median Sold Price
$265,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Summary: The median home sold price in 55072 was $265,000 in November 2024, up 35.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108.9K | $92.5K | -15.1% |
2 Bedrooms | $190K | $159.9K | -15.8% |
3 Bedrooms | $250K | $300K | +20.0% |
4 Bedrooms | $178K | $320K | +79.8% |
5+ Bedrooms | - | $400K | N/A |
Summary: 55072 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 79.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
55072 | $195K | $265K | +35.9% |
55037 | $195K | $250K | +28.2% |
Housing Supply in 55072, MN
How many homes are available in 55072, MN?
Number of Homes For Sale
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Summary: The 55072 real estate market had 18 homes for sale in November 2024, a 5.3% 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 | 9 | 7 | -22.2% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55072 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 22.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 55072 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55072, MN
How long does it take to sell a home in 55072, MN?
Average Sale Time
Nov 2023 | Nov 2024 | CHANGE |
---|---|---|
37 Days | 71 Days | +93.2% |
Summary: Homes in 55072 had an average of 71 days on market in Nov 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During November 2024, 2 homes were sold in 55072; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.