$8,422 Closing Credit*
$709,258
2,928 SqFt
4 Beds
•3 Full Baths
Listing Office: New Home Star
Is 55129, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$532,608
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$19,891(-3.6%)
Key Takeaway
Homes in 55129 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 55129 was $532,608 in November 2024, down 3.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $510K | N/A |
| 2 Bedrooms | $330K | $334.9K | +1.5% |
| 3 Bedrooms | $388.7K | $399.4K | +2.8% |
| 4 Bedrooms | $594.9K | $559.9K | -5.9% |
| 5+ Bedrooms | $702.5K | $665K | -5.3% |
Summary: 55129 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 5.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 185 | 179 | -3.2% |
Summary: The 55129 real estate market had 179 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 80 | 76 | -5.0% |
| 5+ Bedrooms | 43 | 43 | 0.0% |
Summary: The 55129 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 34 | -29.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55129, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 55129 in November 2024, down by 29.2% month-over-month. Of the 34 sold homes, 71% were sold under asking, 15% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 42 Days | +7.6% |
Summary: Homes in 55129 had an average of 42 days on market in Nov 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
15 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 November 2024, 34 homes were sold in 55129; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
