$3,443 Closing Credit*
$289,900
1,048 SqFt
3 Beds
•1 Full Bath
Listing Office: LaBelle Real Estate Group Inc
Is 55128, 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, 55128 has remained a Seller's Market.
Key Takeaway
55128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55128, MN
How much do homes in 55128, MN cost?
Median Sold Price
$340,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,333(+1.0%)
Key Takeaway
Homes in 55128 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 55128 was $340,000 in October 2024, up 1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $230K | +64.3% |
| 2 Bedrooms | $240K | $244.9K | +2.0% |
| 3 Bedrooms | $342.4K | $335.7K | -2.0% |
| 4 Bedrooms | $410K | $425K | +3.7% |
| 5+ Bedrooms | $403K | $475K | +17.9% |
Summary: 55128 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.3%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 17.9%.
Housing Supply in 55128, MN
How many homes are available in 55128, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 106 | +10.4% |
Summary: The 55128 real estate market had 106 homes for sale in October 2024, a 10.4% 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 | 26 | 27 | +3.8% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 28 | 38 | +35.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 55128 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 3.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55128, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 55128 in October 2024, down by 10.3% month-over-month. Of the 26 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for 55128, MN
How long does it take to sell a home in 55128, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 19 Days | -19.5% |
Summary: Homes in 55128 had an average of 19 days on market in Oct 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55128 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 55128; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
