$2,314 Closing Credit*
$194,900
1,848 SqFt
4 Beds
•2 Baths
Listing Office: RE/MAX Results
Is 55107, 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, 55107 has remained a Seller's Market.
Key Takeaway
55107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55107, MN
How much do homes in 55107, MN cost?
Median Sold Price
$263,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,050(+3.6%)
Key Takeaway
Homes in 55107 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 55107 was $263,500 in November 2024, up 3.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.9K | $196.5K | +26.0% |
| 2 Bedrooms | $210.5K | $226.5K | +7.6% |
| 3 Bedrooms | $256K | $262K | +2.3% |
| 4 Bedrooms | $313.5K | $289.9K | -7.5% |
| 5+ Bedrooms | $277.5K | $316K | +13.9% |
Summary: 55107 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 55107, MN
How many homes are available in 55107, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The 55107 real estate market had 40 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55107 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
8 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 55107, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55107 in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 55107, MN
How long does it take to sell a home in 55107, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 30 Days | -4.7% |
Summary: Homes in 55107 had an average of 30 days on market in Nov 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55107 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 55107; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
