$5,818 Closing Credit*
$489,900
2,678 SqFt
4 Beds
•2 Full Baths
Listing Office: Keller Williams Integrity Realty
Is 55115, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55115 was a Seller's Market.
Key Takeaway
55115 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55115, MN
How much do homes in 55115, MN cost?
Median Sold Price
$500,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,250(+8.0%)
Key Takeaway
Homes in 55115 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 55115 was $500,000 in October 2024, up 8% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $328.7K | $322.5K | -1.9% |
| 3 Bedrooms | $400K | $436K | +9.0% |
| 4 Bedrooms | $532.5K | $560.7K | +5.3% |
| 5+ Bedrooms | $651.5K | $838.2K | +28.7% |
Summary: 55115 housing prices by bedroom type for October 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 9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 28.7%.
Housing Supply in 55115, MN
How many homes are available in 55115, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The 55115 real estate market had 35 homes for sale in October 2024, a 12.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 55115 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55115, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 55115 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 28 Days | -51.3% |
Summary: Homes in 55115 had an average of 28 days on market in Oct 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 5 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.
