$3,206 Closing Credit*
$269,995
1,228 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Century 21 Atwood
Is 55120, 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, 55120 was a Seller's Market.
Key Takeaway
55120 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55120, MN
How much do homes in 55120, MN cost?
Median Sold Price
$462,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+3.9%)
Key Takeaway
Homes in 55120 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 55120 was $462,500 in October 2024, up 3.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $262.5K | $251K | -4.4% |
| 3 Bedrooms | $641K | $518K | -19.2% |
| 4 Bedrooms | $527K | $582.4K | +10.5% |
| 5+ Bedrooms | $625K | $669.9K | +7.2% |
Summary: 55120 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 4.4%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Zip Codes
| 55121 | $325K | $365K | +12.3% |
| 55120 | $445K | $462.5K | +3.9% |
| 55116 | $450K | $439.3K | -2.4% |
Housing Supply in 55120, MN
How many homes are available in 55120, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The 55120 real estate market had 17 homes for sale in October 2024, a 6.3% 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 | 8 | 6 | -25.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55120 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 decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55120, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55120 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 55120, MN
How long does it take to sell a home in 55120, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 15 Days | +60.7% |
Summary: Homes in 55120 had an average of 15 days on market in Oct 2024, up by 60.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55120 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 55120; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
