$3,563 Closing Credit*
$300,000
2,580 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is 55127, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55127 has remained a Seller's Market.
Key Takeaway
55127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55127, MN
How much do homes in 55127, MN cost?
Median Sold Price
$505,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$47,500(+10.4%)
Key Takeaway
Homes in 55127 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 55127 was $505,000 in December 2024, up 10.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | $268.5K | $256K | -4.7% |
| 3 Bedrooms | $425K | $496.7K | +16.9% |
| 4 Bedrooms | $612.5K | $673K | +9.9% |
| 5+ Bedrooms | $792.5K | $895K | +12.9% |
Summary: 55127 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 55127, MN
How many homes are available in 55127, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 127 | 111 | -12.6% |
Summary: The 55127 real estate market had 111 homes for sale in December 2024, a 12.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 29 | 30 | +3.4% |
| 3 Bedrooms | 55 | 48 | -12.7% |
| 4 Bedrooms | 27 | 21 | -22.2% |
| 5+ Bedrooms | 16 | 12 | -25.0% |
Summary: The 55127 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55127, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 55127 in December 2024, down by 11.1% month-over-month. Of the 23 sold homes, 57% were sold under asking, 17% were sold at asking, and 26% were sold over asking.
Days on Market for 55127, MN
How long does it take to sell a home in 55127, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 42 Days | 40 Days | -2.9% |
Summary: Homes in 55127 had an average of 40 days on market in Dec 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55127 has remained consistent over time.
Summary: During December 2024, 24 homes were sold in 55127; 38% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
