$6,234 Closing Credit*
$525,000
2,676 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: JPW Realty
Is 55073, 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, 55073 has remained a Seller's Market.
Key Takeaway
55073 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55073, MN
How much do homes in 55073, MN cost?
Median Sold Price
$510,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$66,400(-11.5%)
Key Takeaway
Homes in 55073 have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in 55073 was $510,000 in November 2024, down 11.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $549.9K | $485K | -11.8% |
| 3 Bedrooms | $651K | $485K | -25.5% |
| 4 Bedrooms | $576.8K | $587K | +1.8% |
| 5+ Bedrooms | $600K | $501.1K | -16.5% |
Summary: 55073 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 decreased by 11.8%, 3 bedroom homes decreased by 25.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 55073, MN
How many homes are available in 55073, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The 55073 real estate market had 11 homes for sale in November 2024, a 22.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55073 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55073, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55073 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 55073, MN
How long does it take to sell a home in 55073, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 57 Days | +59.0% |
Summary: Homes in 55073 had an average of 57 days on market in Nov 2024, up by 59% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55073 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 55073; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
