$7,719 Closing Credit*
$650,000
2,325 SqFt
4 Beds
•1 Full Bath, 1 Partial
#6633548, Dan Payne, Listing Office: Coldwell Banker Realty
Is 55082, 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, 55082 has remained a Seller's Market.
Key Takeaway
55082 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55082, MN
How much do homes in 55082, MN cost?
Median Sold Price
$498,319
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,985(+8.0%)
Key Takeaway
Homes in 55082 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 55082 was $498,319 in October 2024, up 8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $383K | $413.5K | +7.9% |
| 2 Bedrooms | $309.9K | $325K | +4.9% |
| 3 Bedrooms | $380K | $418.9K | +10.2% |
| 4 Bedrooms | $582K | $600K | +3.1% |
| 5+ Bedrooms | $800K | $763K | -4.6% |
Summary: 55082 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in 55082, MN
How many homes are available in 55082, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 168 | 163 | -3.0% |
Summary: The 55082 real estate market had 163 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 35 | 27 | -22.9% |
| 3 Bedrooms | 40 | 41 | +2.5% |
| 4 Bedrooms | 55 | 58 | +5.5% |
| 5+ Bedrooms | 35 | 34 | -2.9% |
Summary: The 55082 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 22.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 45 | -8.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55082, you may be able to get a good deal. 57.8% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 55082 in October 2024, down by 8.2% month-over-month. Of the 45 sold homes, 58% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for 55082, MN
How long does it take to sell a home in 55082, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 38 Days | +64.4% |
Summary: Homes in 55082 had an average of 38 days on market in Oct 2024, up by 64.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55082 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in 55082; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
