$3,560 Closing Credit*
$299,795
974 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
Is 55110, 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, 55110 has remained a Seller's Market.
Key Takeaway
55110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55110, MN
How much do homes in 55110, MN cost?
Median Sold Price
$375,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,500(+6.4%)
Key Takeaway
Homes in 55110 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 55110 was $375,000 in November 2024, up 6.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $215K | -12.2% |
| 2 Bedrooms | $275K | $288.2K | +4.8% |
| 3 Bedrooms | $350K | $366K | +4.6% |
| 4 Bedrooms | $380K | $423K | +11.3% |
| 5+ Bedrooms | $540K | $599.9K | +11.1% |
Summary: 55110 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 55110, MN
How many homes are available in 55110, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 136 | -6.8% |
Summary: The 55110 real estate market had 136 homes for sale in November 2024, a 6.8% 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 | 31 | 33 | +6.5% |
| 3 Bedrooms | 55 | 51 | -7.3% |
| 4 Bedrooms | 45 | 38 | -15.6% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 55110 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 increased by 6.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55110, you may be able to get a good deal. 36.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 55110 in November 2024, down by 5.3% month-over-month. Of the 36 sold homes, 36% were sold under asking, 33% were sold at asking, and 31% were sold over asking.
Days on Market for 55110, MN
How long does it take to sell a home in 55110, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -6.6% |
Summary: Homes in 55110 had an average of 36 days on market in Nov 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55110 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in 55110; 47% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
