$5,344 Closing Credit*
$450,000
2,552 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is 55112, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55112 has remained a Seller's Market.
Key Takeaway
55112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55112, MN
How much do homes in 55112, MN cost?
Median Sold Price
$372,600
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$17,475(+4.9%)
Key Takeaway
Homes in 55112 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 55112 was $372,600 in December 2024, up 4.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $195K | -7.1% |
| 2 Bedrooms | $255K | $278K | +9.0% |
| 3 Bedrooms | $324.7K | $339.9K | +4.7% |
| 4 Bedrooms | $415K | $415K | 0.0% |
| 5+ Bedrooms | $536.5K | $565.6K | +5.4% |
Summary: 55112 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 55112, MN
How many homes are available in 55112, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 99 | 89 | -10.1% |
Summary: The 55112 real estate market had 89 homes for sale in December 2024, a 10.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 38 | 33 | -13.2% |
| 4 Bedrooms | 38 | 34 | -10.5% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 55112 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55112, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 55112 in December 2024, up by 7.1% month-over-month. Of the 30 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for 55112, MN
How long does it take to sell a home in 55112, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -6.8% |
Summary: Homes in 55112 had an average of 32 days on market in Dec 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55112 has remained consistent over time.
Summary: During December 2024, 30 homes were sold in 55112; 43% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
