$3,384 Closing Credit*
$285,000
1,518 SqFt
2 Beds
•1 Full Bath
Listing Office: MetroHomesMarket.com
Is 55124, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55124 has remained a Seller's Market.
Key Takeaway
55124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55124, MN
How much do homes in 55124, MN cost?
Median Sold Price
$370,245
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,218(+2.8%)
Key Takeaway
Homes in 55124 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 55124 was $370,245 in October 2024, up 2.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $144.2K | +6.1% |
| 2 Bedrooms | $250K | $259.8K | +3.9% |
| 3 Bedrooms | $355K | $370.6K | +4.4% |
| 4 Bedrooms | $435K | $440.5K | +1.3% |
| 5+ Bedrooms | $515K | $525K | +1.9% |
Summary: 55124 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 55124, MN
How many homes are available in 55124, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 218 | 217 | -0.5% |
Summary: The 55124 real estate market had 217 homes for sale in October 2024, a 0.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 49 | 52 | +6.1% |
| 3 Bedrooms | 76 | 65 | -14.5% |
| 4 Bedrooms | 61 | 74 | +21.3% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The 55124 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 62 | +5.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55124, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in 55124 in October 2024, up by 5.1% month-over-month. Of the 62 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for 55124, MN
How long does it take to sell a home in 55124, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +55.9% |
Summary: Homes in 55124 had an average of 31 days on market in Oct 2024, up by 55.9% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55124 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 62 homes were sold in 55124; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
