$2,611 Closing Credit*
$219,900
1,271 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Integrity Realty
Is 55117, 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, 55117 has remained a Seller's Market.
Key Takeaway
55117 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55117, MN
How much do homes in 55117, MN cost?
Median Sold Price
$278,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,333(+6.6%)
Key Takeaway
Homes in 55117 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 55117 was $278,500 in November 2024, up 6.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $128.5K | -5.5% |
| 2 Bedrooms | $180K | $195K | +8.3% |
| 3 Bedrooms | $284.5K | $280K | -1.6% |
| 4 Bedrooms | $340K | $371K | +9.1% |
| 5+ Bedrooms | $372.5K | $320K | -14.1% |
Summary: 55117 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 14.1%.
Housing Supply in 55117, MN
How many homes are available in 55117, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 118 | +3.5% |
Summary: The 55117 real estate market had 118 homes for sale in November 2024, a 3.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 27 | 33 | +22.2% |
| 3 Bedrooms | 55 | 57 | +3.6% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 55117 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 22.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 24 | -35.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55117, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 55117 in November 2024, down by 35.1% month-over-month. Of the 24 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for 55117, MN
How long does it take to sell a home in 55117, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 35 Days | +77.9% |
Summary: Homes in 55117 had an average of 35 days on market in Nov 2024, up by 77.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55117 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 55117; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
