$4,750 Closing Credit*
$400,000
2,160 SqFt
4 Beds
•1 Full Bath
Listing Office: Keller Williams Integrity Realty
Is 55112, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$368,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,500(+4.4%)
Key Takeaway
Homes in 55112 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 55112 was $368,000 in October 2024, up 4.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $196K | -6.7% |
| 2 Bedrooms | $254.9K | $266.5K | +4.6% |
| 3 Bedrooms | $313K | $336.4K | +7.5% |
| 4 Bedrooms | $415K | $415K | 0.0% |
| 5+ Bedrooms | $535K | $550K | +2.8% |
Summary: 55112 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 55112, MN
How many homes are available in 55112, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 142 | 149 | +4.9% |
Summary: The 55112 real estate market had 149 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 55 | 61 | +10.9% |
| 4 Bedrooms | 57 | 55 | -3.5% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 55112 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55112, you could pay more than the asking price. 35.7% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in 55112 in October 2024, up by 10.5% month-over-month. Of the 42 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +39.5% |
Summary: Homes in 55112 had an average of 29 days on market in Oct 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55112 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 42 homes were sold in 55112; 62% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
