$3,741 Closing Credit*
$315,000
2,377 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Kris Lindahl Real Estate
Is 55104, 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, 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
$295,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,020(+2.8%)
Key Takeaway
Homes in 55104 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 55104 was $295,000 in October 2024, up 2.8% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $180K | +2.9% |
| 2 Bedrooms | $230K | $242.5K | +5.4% |
| 3 Bedrooms | $280K | $291K | +3.9% |
| 4 Bedrooms | $336.5K | $365K | +8.5% |
| 5+ Bedrooms | $433K | $463.7K | +7.1% |
Summary: 55104 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Zip Codes
| 55114 | $273.5K | $301K | +10.1% |
| 55105 | $429.8K | $443.6K | +3.2% |
| 55104 | $286.9K | $295K | +2.8% |
| 55108 | $343.1K | $340K | -0.9% |
Housing Supply in 55104, MN
How many homes are available in 55104, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 125 | +4.2% |
Summary: The 55104 real estate market had 125 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 51 | 55 | +7.8% |
| 4 Bedrooms | 31 | 35 | +12.9% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 55104 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55104, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 55104 in October 2024, up by 3.0% month-over-month. Of the 34 sold homes, 41% were sold under asking, 26% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 26 Days | +62.6% |
Summary: Homes in 55104 had an average of 26 days on market in Oct 2024, up by 62.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 34 homes were sold in 55104; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
