$6,234 Closing Credit*
$525,000
2,597 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Compass
Is 55125, 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, 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
$399,900
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,900(+3.9%)
Key Takeaway
Homes in 55125 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 55125 was $399,900 in October 2024, up 3.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | $152.5K | +2.3% |
| 2 Bedrooms | $265K | $262K | -1.1% |
| 3 Bedrooms | $375K | $390K | +4.0% |
| 4 Bedrooms | $467.5K | $468.7K | 0.3% |
| 5+ Bedrooms | $578.5K | $553K | -4.4% |
Summary: 55125 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 55125, MN
How many homes are available in 55125, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 169 | 180 | +6.5% |
Summary: The 55125 real estate market had 180 homes for sale in October 2024, a 6.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 62 | 60 | -3.2% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 43 | 47 | +9.3% |
| 5+ Bedrooms | 24 | 30 | +25.0% |
Summary: The 55125 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 decreased by 3.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 44 | -4.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55125, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 55125 in October 2024, down by 4.3% month-over-month. Of the 44 sold homes, 45% were sold under asking, 34% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 36 Days | +55.1% |
Summary: Homes in 55125 had an average of 36 days on market in Oct 2024, up by 55.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 44 homes were sold in 55125; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
