$6,757 Closing Credit*
$569,000
3,198 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: eXp Realty
Is 55121, 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, 55121 was a Neutral Market.
Key Takeaway
55121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55121, MN
How much do homes in 55121, MN cost?
Median Sold Price
$365,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+12.3%)
Key Takeaway
Homes in 55121 have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in 55121 was $365,000 in October 2024, up 12.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $161.7K | -0.5% |
| 2 Bedrooms | $252.5K | $262.5K | +4.0% |
| 3 Bedrooms | $310K | $371K | +19.7% |
| 4 Bedrooms | $443.5K | $439.9K | -0.8% |
| 5+ Bedrooms | $720K | $526K | -27.0% |
Summary: 55121 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 19.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 27%.
Housing Supply in 55121, MN
How many homes are available in 55121, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The 55121 real estate market had 27 homes for sale in October 2024, a 22.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55121 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55121, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 55121 in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for 55121, MN
How long does it take to sell a home in 55121, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 33 Days | -49.0% |
Summary: Homes in 55121 had an average of 33 days on market in Oct 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55121 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 55121; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
