$6,828 Closing Credit*
$575,000
3,176 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55122, 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, 55122 has remained a Seller's Market.
Key Takeaway
55122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55122, MN
How much do homes in 55122, MN cost?
Median Sold Price
$339,390
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,610(-0.5%)
Key Takeaway
The sold price of homes in 55122 has remained the same since last year.
Summary: The median home sold price in 55122 was $339,390 in November 2024, down 0.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $133.5K | -9.2% |
| 2 Bedrooms | $255K | $249K | -2.4% |
| 3 Bedrooms | $346.7K | $360K | +3.8% |
| 4 Bedrooms | $401.8K | $430.5K | +7.1% |
| 5+ Bedrooms | $470K | $563.7K | +19.9% |
Summary: 55122 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 19.9%.
Housing Supply in 55122, MN
How many homes are available in 55122, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 113 | 109 | -3.5% |
Summary: The 55122 real estate market had 109 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 42 | 38 | -9.5% |
| 3 Bedrooms | 35 | 34 | -2.9% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The 55122 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 31 | -11.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55122, 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 55122 in November 2024, down by 11.4% month-over-month. Of the 31 sold homes, 42% were sold under asking, 19% were sold at asking, and 39% were sold over asking.
Days on Market for 55122, MN
How long does it take to sell a home in 55122, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +16.1% |
Summary: Homes in 55122 had an average of 24 days on market in Nov 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55122 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 55122; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
