$4,156 Closing Credit*
$350,000
2,113 SqFt
4 Beds
•2 Baths
Listing Office: eXp Realty
Is 55126, 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, 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
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,666(+13.9%)
Key Takeaway
Homes in 55126 have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in 55126 was $400,000 in October 2024, up 13.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $125K | -0.8% |
| 2 Bedrooms | $265K | $265.4K | 0.2% |
| 3 Bedrooms | $350K | $385K | +10.0% |
| 4 Bedrooms | $439.5K | $460K | +4.7% |
| 5+ Bedrooms | $550K | $574.5K | +4.5% |
Summary: 55126 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 55126, MN
How many homes are available in 55126, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 122 | +9.9% |
Summary: The 55126 real estate market had 122 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 26 | 33 | +26.9% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 34 | 38 | +11.8% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The 55126 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 increased by 26.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 30 | -18.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55126, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 55126 in October 2024, down by 18.9% month-over-month. Of the 30 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +5.8% |
Summary: Homes in 55126 had an average of 24 days on market in Oct 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 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 October 2024, 30 homes were sold in 55126; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
