$2,019 Closing Credit*
$170,000
1,234 SqFt
2 Beds
•1 Full Bath
Listing Office: Edina Realty
Is 55310, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55310 was a Buyer's Market.
Key Takeaway
55310 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55310, MN
How much do homes in 55310, MN cost?
Median Sold Price
$182,500
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$74,050(+68.3%)
Key Takeaway
Homes in 55310 have sold for 68.3% more than they did a year ago.
Summary: The median home sold price in 55310 was $182,500 in November 2024, up 68.3% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $97K | +2.1% |
| 3 Bedrooms | $93.7K | $180K | +92.1% |
| 4 Bedrooms | $180K | $185K | +2.8% |
| 5+ Bedrooms | - | $360K | N/A |
Summary: 55310 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 2.1%, 3 bedroom homes increased by 92.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55310 | $108.4K | $182.5K | +68.3% |
| 56277 | $150K | $170K | +13.3% |
Housing Supply in 55310, MN
How many homes are available in 55310, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The 55310 real estate market had 7 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55310 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55310, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55310 in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 55310, MN
How long does it take to sell a home in 55310, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 72 Days | +100.0% |
Summary: Homes in 55310 had an average of 72 days on market in Nov 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55310 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 55310; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
