$2,316 Closing Credit*
$195,000
1,302 SqFt
Listing Office: Realty ONE Group SIMPLIFIED
Is 55130, 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, 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
$235,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,000(-2.9%)
Key Takeaway
Homes in 55130 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 55130 was $235,000 in November 2024, down 2.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $100K | -36.7% |
| 2 Bedrooms | $212K | $210K | -0.9% |
| 3 Bedrooms | $248K | $240K | -3.2% |
| 4 Bedrooms | $239K | $237K | -0.8% |
| 5+ Bedrooms | $309.5K | $280K | -9.5% |
Summary: 55130 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 0.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Summary: The 55130 real estate market had 37 homes for sale in November 2024, a 2.6% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 55130 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 remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55130, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 55130 in November 2024, up by 44.4% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +22.3% |
Summary: Homes in 55130 had an average of 28 days on market in Nov 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were 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 November 2024, 13 homes were sold in 55130; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
