$3,858 Closing Credit*
$324,900
2,183 SqFt
5 Beds
•1 Full Bath
Listing Office: Redfin Corporation
Is 55130, 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, 55130 has remained a Seller's Market.
Key Takeaway
55130 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55130, MN
How much do homes in 55130, MN cost?
Median Sold Price
$234,950
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,000(-3.3%)
Key Takeaway
Homes in 55130 have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in 55130 was $234,950 in October 2024, down 3.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $100K | -36.7% |
| 2 Bedrooms | $205K | $215K | +4.9% |
| 3 Bedrooms | $245K | $240K | -2.0% |
| 4 Bedrooms | $247.5K | $235K | -5.1% |
| 5+ Bedrooms | $309.5K | $280K | -9.5% |
Summary: 55130 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in 55130, MN
How many homes are available in 55130, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 40 | +33.3% |
Summary: The 55130 real estate market had 40 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 55130 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55130, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 55130 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 55130, MN
How long does it take to sell a home in 55130, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 11 Days | -61.6% |
Summary: Homes in 55130 had an average of 11 days on market in Oct 2024, down by 61.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55130 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 55130; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
