$4,156 Closing Credit*
$350,000
2,096 SqFt
5 Beds
•1 Full Bath
Listing Office: Keller Williams Preferred Rlty
Is 55313, 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, 55313 has remained a Seller's Market.
Key Takeaway
55313 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55313, MN
How much do homes in 55313, MN cost?
Median Sold Price
$369,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,100(+2.5%)
Key Takeaway
Homes in 55313 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 55313 was $369,000 in November 2024, up 2.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $345K | -16.9% |
| 2 Bedrooms | $265K | $285K | +7.5% |
| 3 Bedrooms | $328K | $330K | +0.6% |
| 4 Bedrooms | $389.9K | $392K | 0.5% |
| 5+ Bedrooms | $434.9K | $415K | -4.6% |
Summary: 55313 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Zip Codes
| 55363 | $290K | $311.5K | +7.4% |
| 55390 | $329.9K | $347.8K | +5.4% |
| 55358 | $299.9K | $315K | +5.0% |
| 55313 | $359.9K | $369K | +2.5% |
| 55373 | $384K | $347.5K | -9.5% |
Housing Supply in 55313, MN
How many homes are available in 55313, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 93 | -8.8% |
Summary: The 55313 real estate market had 93 homes for sale in November 2024, a 8.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 46 | 40 | -13.0% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 55313 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 decreased by 13%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 19 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55313, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in 55313 in November 2024, down by 50.0% month-over-month. Of the 19 sold homes, 32% were sold under asking, 37% were sold at asking, and 32% were sold over asking.
Days on Market for 55313, MN
How long does it take to sell a home in 55313, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 38 Days | -12.1% |
Summary: Homes in 55313 had an average of 38 days on market in Nov 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55313 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 55313; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
