$5,105 Closing Credit*
$429,900
1,920 SqFt
4 Beds
•1 Full Bath
Listing Office: Keller Williams Classic Realty
Is 55126, 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, 55126 has remained a Seller's Market.
Key Takeaway
55126 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55126, MN
How much do homes in 55126, MN cost?
Median Sold Price
$400,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,500(+13.2%)
Key Takeaway
Homes in 55126 have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in 55126 was $400,000 in November 2024, up 13.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.7K | $120K | -6.1% |
| 2 Bedrooms | $265K | $269.9K | +1.8% |
| 3 Bedrooms | $365K | $385K | +5.5% |
| 4 Bedrooms | $439.5K | $460K | +4.7% |
| 5+ Bedrooms | $560K | $574K | +2.5% |
Summary: 55126 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 55126, MN
How many homes are available in 55126, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 100 | -13.0% |
Summary: The 55126 real estate market had 100 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 31 | 30 | -3.2% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 37 | 25 | -32.4% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 55126 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 32.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55126, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 55126 in November 2024, down by 21.9% month-over-month. Of the 25 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for 55126, MN
How long does it take to sell a home in 55126, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 27 Days | -9.6% |
Summary: Homes in 55126 had an average of 27 days on market in Nov 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55126 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 55126; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
