$3,800 Closing Credit*
$320,000
1,608 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Partners Realty Inc.
Is 55119, 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, 55119 has remained a Seller's Market.
Key Takeaway
55119 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55119, MN
How much do homes in 55119, MN cost?
Median Sold Price
$289,966
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,700(+1.6%)
Key Takeaway
Homes in 55119 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 55119 was $289,966 in November 2024, up 1.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $140K | -4.8% |
| 2 Bedrooms | $240.2K | $215K | -10.5% |
| 3 Bedrooms | $283.5K | $292.5K | +3.2% |
| 4 Bedrooms | $371K | $345K | -7.0% |
| 5+ Bedrooms | $434K | $375K | -13.6% |
Summary: 55119 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 13.6%.
Housing Supply in 55119, MN
How many homes are available in 55119, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 128 | 106 | -17.2% |
Summary: The 55119 real estate market had 106 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 63 | 51 | -19.0% |
| 4 Bedrooms | 24 | 19 | -20.8% |
| 5+ Bedrooms | 9 | 5 | -44.4% |
Summary: The 55119 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 31 | -18.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55119, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 55119 in November 2024, down by 18.4% month-over-month. Of the 31 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for 55119, MN
How long does it take to sell a home in 55119, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 33 Days | +66.6% |
Summary: Homes in 55119 had an average of 33 days on market in Nov 2024, up by 66.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55119 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 55119; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
