$4,036 Closing Credit*
$339,900
1,062 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX RESULTS
Is 55080, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55080 was a Seller's Market.
Key Takeaway
55080 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 55080, MN
How much do homes in 55080, MN cost?
Median Sold Price
$409,950
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,550(-4.1%)
Key Takeaway
Homes in 55080 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 55080 was $409,950 in October 2024, down 4.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $310K | +26.5% |
| 3 Bedrooms | $370K | $409.9K | +10.8% |
| 4 Bedrooms | $475K | $552.5K | +16.3% |
| 5+ Bedrooms | $682.5K | $510K | -25.3% |
Summary: 55080 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 26.5%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 25.3%.
Housing Supply in 55080, MN
How many homes are available in 55080, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The 55080 real estate market had 13 homes for sale in October 2024, a 8.3% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55080 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 increased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55080, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55080 in October 2024, the same as the previous 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 55080, MN
How long does it take to sell a home in 55080, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 91 Days | +31.9% |
Summary: Homes in 55080 had an average of 91 days on market in Oct 2024, up by 31.9% 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
Key Takeaway
Avg time on Rocket Homes in 55080 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 55080; 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.
