$3,324 Closing Credit*
$279,900
1,500 SqFt
3 Beds
•1 Full Bath
Listing Office: Golden Homes Realty LLC
Is 55106, 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, 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
$250,318
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,652(+1.1%)
Key Takeaway
Homes in 55106 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 55106 was $250,318 in November 2024, up 1.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $134K | -9.2% |
| 2 Bedrooms | $205K | $210.2K | +2.6% |
| 3 Bedrooms | $250.5K | $251.2K | 0.3% |
| 4 Bedrooms | $270K | $294K | +8.9% |
| 5+ Bedrooms | $290K | $302K | +4.1% |
Summary: 55106 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 55106, MN
How many homes are available in 55106, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 152 | 138 | -9.2% |
Summary: The 55106 real estate market had 138 homes for sale in November 2024, a 9.2% 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 | 32 | 29 | -9.4% |
| 3 Bedrooms | 63 | 59 | -6.3% |
| 4 Bedrooms | 43 | 38 | -11.6% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 55106 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 9.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 41 | -22.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55106, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 55106 in November 2024, down by 22.6% month-over-month. Of the 41 sold homes, 44% were sold under asking, 22% were sold at asking, and 34% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +35.8% |
Summary: Homes in 55106 had an average of 28 days on market in Nov 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 41 homes were sold in 55106; 61% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
