$3,699,500
5,651 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is 55104, 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, 55104 has remained a Seller's Market.
Key Takeaway
55104 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55104, MN
How much do homes in 55104, MN cost?
Median Sold Price
$296,750
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,750(+4.1%)
Key Takeaway
Homes in 55104 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 55104 was $296,750 in November 2024, up 4.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188.7K | $180K | -4.6% |
| 2 Bedrooms | $230K | $240.7K | +4.7% |
| 3 Bedrooms | $276K | $293K | +6.2% |
| 4 Bedrooms | $333K | $367.4K | +10.3% |
| 5+ Bedrooms | $430K | $458.7K | +6.7% |
Summary: 55104 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Zip Codes
| 55105 | $420K | $446.6K | +6.3% |
| 55104 | $285K | $296.7K | +4.1% |
| 55108 | $343.1K | $340K | -0.9% |
Housing Supply in 55104, MN
How many homes are available in 55104, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 100 | -13.0% |
Summary: The 55104 real estate market had 100 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 49 | 44 | -10.2% |
| 4 Bedrooms | 33 | 26 | -21.2% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 55104 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 15.8%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55104, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 55104 in November 2024, down by 19.4% month-over-month. Of the 29 sold homes, 52% were sold under asking, 21% were sold at asking, and 28% were sold over asking.
Days on Market for 55104, MN
How long does it take to sell a home in 55104, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 36 Days | +53.1% |
Summary: Homes in 55104 had an average of 36 days on market in Nov 2024, up by 53.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55104 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 55104; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
