$7,361 Closing Credit*
$619,900
3,279 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: Real Broker, LLC
Is 55129, 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, 55129 has remained a Seller's Market.
Key Takeaway
55129 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55129, MN
How much do homes in 55129, MN cost?
Median Sold Price
$532,138
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,861(-4.5%)
Key Takeaway
Homes in 55129 have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in 55129 was $532,138 in October 2024, down 4.5% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $510K | N/A |
| 2 Bedrooms | $333K | $330K | -0.9% |
| 3 Bedrooms | $386K | $400K | +3.6% |
| 4 Bedrooms | $596K | $560K | -6.0% |
| 5+ Bedrooms | $702.5K | $665K | -5.3% |
Summary: 55129 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 decreased by 0.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 55129, MN
How many homes are available in 55129, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 210 | 224 | +6.7% |
Summary: The 55129 real estate market had 224 homes for sale in October 2024, a 6.7% 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 | 20 | 18 | -10.0% |
| 3 Bedrooms | 59 | 59 | 0.0% |
| 4 Bedrooms | 78 | 95 | +21.8% |
| 5+ Bedrooms | 53 | 52 | -1.9% |
Summary: The 55129 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 decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55129, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 55129 in October 2024, up by 18.4% month-over-month. Of the 45 sold homes, 51% were sold under asking, 31% were sold at asking, and 18% were sold over asking.
Days on Market for 55129, MN
How long does it take to sell a home in 55129, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 38 Days | -12.4% |
Summary: Homes in 55129 had an average of 38 days on market in Oct 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55129 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in 55129; 49% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
