$6,947 Closing Credit*
$585,000
2,959 SqFt
4 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55306, 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, 55306 has remained a Seller's Market.
Key Takeaway
55306 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55306, MN
How much do homes in 55306, MN cost?
Median Sold Price
$399,900
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,400(+1.9%)
Key Takeaway
Homes in 55306 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 55306 was $399,900 in October 2024, up 1.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | $263.7K | +30.6% |
| 2 Bedrooms | $247.4K | $247.5K | 0.0% |
| 3 Bedrooms | $393K | $392.5K | -0.1% |
| 4 Bedrooms | $434.5K | $450K | +3.6% |
| 5+ Bedrooms | $485K | $515K | +6.2% |
Summary: 55306 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 55306, MN
How many homes are available in 55306, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 54 | 0.0% |
Summary: The 55306 real estate market had 54 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 55306 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 5.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55306, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 55306 in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.
Days on Market for 55306, MN
How long does it take to sell a home in 55306, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 33 Days | -2.5% |
Summary: Homes in 55306 had an average of 33 days on market in Oct 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55306 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 55306; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
