$4,036 Closing Credit*
$339,900
2,132 SqFt
3 Beds
•1 Full Bath, 2 Partial
Listing Office: RE/MAX Results
Is 55109, 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, 55109 has remained a Seller's Market.
Key Takeaway
55109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55109, MN
How much do homes in 55109, MN cost?
Median Sold Price
$325,000
$188/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 55109 has remained the same since last year.
Summary: The median home sold price in 55109 was $325,000 in November 2024, the same as last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.9K | $180K | -7.7% |
| 2 Bedrooms | $270K | $265K | -1.9% |
| 3 Bedrooms | $315K | $311K | -1.3% |
| 4 Bedrooms | $366.5K | $382K | +4.2% |
| 5+ Bedrooms | $400K | $460K | +15.0% |
Summary: 55109 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 15%.
Housing Supply in 55109, MN
How many homes are available in 55109, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 92 | -5.2% |
Summary: The 55109 real estate market had 92 homes for sale in November 2024, a 5.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 52 | 45 | -13.5% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 55109 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 17 | -45.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55109, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 55109 in November 2024, down by 45.2% month-over-month. Of the 17 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.
Days on Market for 55109, MN
How long does it take to sell a home in 55109, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 27 Days | +10.4% |
Summary: Homes in 55109 had an average of 27 days on market in Nov 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55109 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 55109; 65% 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.
