$4,334 Closing Credit*
$365,000
1,644 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Realty
Is 55106, 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, 55106 has remained a Seller's Market.
Key Takeaway
55106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55106, MN
How much do homes in 55106, MN cost?
Median Sold Price
$255,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,033(+4.1%)
Key Takeaway
Homes in 55106 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 55106 was $255,000 in October 2024, up 4.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.9K | $137K | -3.5% |
| 2 Bedrooms | $205K | $214.9K | +4.8% |
| 3 Bedrooms | $250K | $255K | +2.0% |
| 4 Bedrooms | $264K | $290K | +9.8% |
| 5+ Bedrooms | $284K | $325K | +14.4% |
Summary: 55106 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in 55106, MN
How many homes are available in 55106, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 160 | +5.3% |
Summary: The 55106 real estate market had 160 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 36 | 30 | -16.7% |
| 3 Bedrooms | 65 | 69 | +6.2% |
| 4 Bedrooms | 39 | 45 | +15.4% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 55106 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 49 | +6.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55106, you could pay more than the asking price. 38.8% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in 55106 in October 2024, up by 6.5% month-over-month. Of the 49 sold homes, 37% were sold under asking, 24% were sold at asking, and 39% were sold over asking.
Days on Market for 55106, MN
How long does it take to sell a home in 55106, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 29 Days | +84.5% |
Summary: Homes in 55106 had an average of 29 days on market in Oct 2024, up by 84.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55106 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 49 homes were sold in 55106; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
