$4,868 Closing Credit*
$409,900
3,064 SqFt
Listing Office: RE/MAX Results
Is 55103, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55103 has remained a Seller's Market.
Key Takeaway
55103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55103, MN
How much do homes in 55103, MN cost?
Median Sold Price
$295,000
$172/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$73,750(+33.3%)
Key Takeaway
Homes in 55103 have sold for 33.3% more than they did a month ago.
Summary: The median home sold price in 55103 was $295,000 in October 2024, up 33.3% from last month, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49K | - | N/A |
| 2 Bedrooms | $255K | $273K | +7.1% |
| 3 Bedrooms | $223.7K | $280K | +25.2% |
| 4 Bedrooms | - | $461.2K | N/A |
| 5+ Bedrooms | - | $299.9K | N/A |
Summary: 55103 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 25.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 55103, MN
How many homes are available in 55103, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The 55103 real estate market had 28 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 55103 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55103, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 55103 in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 55103, MN
How long does it take to sell a home in 55103, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 21 Days | -63.5% |
Summary: Homes in 55103 had an average of 21 days on market in Oct 2024, down by 63.5% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55103 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 55103; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
