$4,749 Closing Credit*
$399,900
1,888 SqFt
3 Beds
•1 Full Bath
Listing Office: Wildwood Realty
Is 55115, 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, 55115 has remained a Seller's Market.
Key Takeaway
55115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55115, MN
How much do homes in 55115, MN cost?
Median Sold Price
$495,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,250(+7.0%)
Key Takeaway
Homes in 55115 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 55115 was $495,000 in November 2024, up 7% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $328.7K | $322.5K | -1.9% |
| 3 Bedrooms | $402.5K | $415K | +3.1% |
| 4 Bedrooms | $546.2K | $560.7K | +2.7% |
| 5+ Bedrooms | $654.7K | $826.1K | +26.2% |
Summary: 55115 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 26.2%.
Housing Supply in 55115, MN
How many homes are available in 55115, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The 55115 real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 55115 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55115, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 55115 in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for 55115, MN
How long does it take to sell a home in 55115, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 20 Days | -28.4% |
Summary: Homes in 55115 had an average of 20 days on market in Nov 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55115 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 55115; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
