$3,324 Closing Credit*
$279,900
1,446 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55125, 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, 55125 has remained a Seller's Market.
Key Takeaway
55125 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55125, MN
How much do homes in 55125, MN cost?
Median Sold Price
$394,777
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,099(+2.4%)
Key Takeaway
Homes in 55125 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 55125 was $394,777 in November 2024, up 2.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | $152.5K | +2.3% |
| 2 Bedrooms | $263.5K | $264.9K | 0.5% |
| 3 Bedrooms | $378.4K | $385K | +1.7% |
| 4 Bedrooms | $470K | $465K | -1.1% |
| 5+ Bedrooms | $572K | $565K | -1.2% |
Summary: 55125 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 55125, MN
How many homes are available in 55125, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 172 | 169 | -1.7% |
Summary: The 55125 real estate market had 169 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 57 | 60 | +5.3% |
| 3 Bedrooms | 40 | 36 | -10.0% |
| 4 Bedrooms | 44 | 40 | -9.1% |
| 5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The 55125 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55125, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 55125 in November 2024, down by 10.6% month-over-month. Of the 42 sold homes, 45% were sold under asking, 21% were sold at asking, and 33% were sold over asking.
Days on Market for 55125, MN
How long does it take to sell a home in 55125, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 44 Days | +39.5% |
Summary: Homes in 55125 had an average of 44 days on market in Nov 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55125 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 42 homes were sold in 55125; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
