$2,078 Closing Credit*
$175,000
1,017 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is 55317, 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, 55317 has remained a Seller's Market.
Key Takeaway
55317 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55317, MN
How much do homes in 55317, MN cost?
Median Sold Price
$510,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,000(+8.1%)
Key Takeaway
Homes in 55317 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 55317 was $510,000 in November 2024, up 8.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.7K | $254K | +39.0% |
| 2 Bedrooms | $279.9K | $290K | +3.6% |
| 3 Bedrooms | $410K | $435K | +6.1% |
| 4 Bedrooms | $599K | $566K | -5.5% |
| 5+ Bedrooms | $785.1K | $820K | +4.4% |
Summary: 55317 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in 55317, MN
How many homes are available in 55317, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 77 | 0.0% |
Summary: The 55317 real estate market had 77 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 | 3 | 4 | +33.3% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 55317 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55317, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 55317 in November 2024, down by 15.8% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 55317, MN
How long does it take to sell a home in 55317, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 58 Days | +184.8% |
Summary: Homes in 55317 had an average of 58 days on market in Nov 2024, up by 184.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55317 has remained consistent over time.
Summary: During November 2024, 16 homes were sold in 55317; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
