Is 55130, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55130 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $158K$100K
-36.7%
2 $205K$215K
+4.9%
3 $245K$240K
-2.0%
4 $247.5K$235K
-5.1%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

55117
+6.0%
55106
+4.1%
55130
-3.3%
55101
-4.7%

Housing Supply in 55130, MN

How many homes are available in 55130, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3040+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

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 24
+100.0%
3 1619
+18.8%
4 710
+42.9%
5+ 47
+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 2024Oct 2024CHANGE
68+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
30 Days11 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 55130, MN

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