$6,234 Closing Credit*
$525,000
2,610 SqFt
4 Beds
•3 Full Baths
Listing Office: National Realty Guild
Is 55123, 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, 55123 has remained a Seller's Market.
Key Takeaway
55123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55123, MN
How much do homes in 55123, MN cost?
Median Sold Price
$435,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,000(-2.0%)
Key Takeaway
Homes in 55123 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 55123 was $435,000 in November 2024, down 2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174K | $165K | -5.2% |
| 2 Bedrooms | $217.7K | $250K | +14.8% |
| 3 Bedrooms | $392.5K | $390K | -0.6% |
| 4 Bedrooms | $490K | $475.5K | -3.0% |
| 5+ Bedrooms | $658.5K | $665K | +1.0% |
Summary: 55123 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 1%.
Housing Supply in 55123, MN
How many homes are available in 55123, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 74 | -15.9% |
Summary: The 55123 real estate market had 74 homes for sale in November 2024, a 15.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 33 | 28 | -15.2% |
| 5+ Bedrooms | 21 | 16 | -23.8% |
Summary: The 55123 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 23.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 15 | -44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55123, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 55123 in November 2024, down by 44.4% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 55123, MN
How long does it take to sell a home in 55123, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 22 Days | +67.9% |
Summary: Homes in 55123 had an average of 22 days on market in Nov 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55123 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 55123; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
