$2,470 Closing Credit*
$208,000
1,032 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results Inc
Is 55127, 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, 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
$502,433
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$61,544(+14.0%)
Key Takeaway
Homes in 55127 have sold for 14% more than they did a year ago.
Summary: The median home sold price in 55127 was $502,433 in October 2024, up 14% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | $253.7K | $261.5K | +3.1% |
| 3 Bedrooms | $420K | $470K | +11.9% |
| 4 Bedrooms | $608.4K | $675K | +10.9% |
| 5+ Bedrooms | $830K | $810K | -2.4% |
Summary: 55127 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in 55127, MN
How many homes are available in 55127, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 144 | +20.0% |
Summary: The 55127 real estate market had 144 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 30 | 35 | +16.7% |
| 3 Bedrooms | 50 | 58 | +16.0% |
| 4 Bedrooms | 20 | 29 | +45.0% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The 55127 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 31 | +63.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55127, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 55127 in October 2024, up by 63.2% month-over-month. Of the 31 sold homes, 55% were sold under asking, 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 40 Days | +3.3% |
Summary: Homes in 55127 had an average of 40 days on market in Oct 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55127 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in 55127; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
