$9,263 Closing Credit*
$780,000
3,066 SqFt
4 Beds
•2 Full Baths
Listing Office: Keller Williams Classic Rlty NW
Is 55315, 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, 55315 was a Seller's Market.
Key Takeaway
55315 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55315, MN
How much do homes in 55315, MN cost?
Median Sold Price
$499,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+10.9%)
Key Takeaway
Homes in 55315 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 55315 was $499,000 in November 2024, up 10.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $457.4K | $293.5K | -35.8% |
| 3 Bedrooms | $424.9K | $450K | +5.9% |
| 4 Bedrooms | $420K | $499.9K | +19.0% |
| 5+ Bedrooms | $526.5K | $597.4K | +13.5% |
Summary: 55315 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 decreased by 35.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 55315, MN
How many homes are available in 55315, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The 55315 real estate market had 24 homes for sale in November 2024, a 4.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 55315 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 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55315, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55315 in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 55315, MN
How long does it take to sell a home in 55315, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +47.7% |
Summary: Homes in 55315 had an average of 32 days on market in Nov 2024, up by 47.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55315 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 55315; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
