$4,583 Closing Credit*
$385,900
1,596 SqFt
2 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55319, 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, 55319 has remained a Seller's Market.
Key Takeaway
55319 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55319, MN
How much do homes in 55319, MN cost?
Median Sold Price
$390,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+11.4%)
Key Takeaway
Homes in 55319 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 55319 was $390,000 in October 2024, up 11.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $234.2K | -41.4% |
| 2 Bedrooms | $279.9K | $305.9K | +9.3% |
| 3 Bedrooms | $342.9K | $390K | +13.7% |
| 4 Bedrooms | $461.4K | $409K | -11.4% |
| 5+ Bedrooms | $516K | $450K | -12.8% |
Summary: 55319 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 55319, MN
How many homes are available in 55319, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The 55319 real estate market had 39 homes for sale in October 2024, a 11.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 55319 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55319, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 55319 in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for 55319, MN
How long does it take to sell a home in 55319, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +35.0% |
Summary: Homes in 55319 had an average of 36 days on market in Oct 2024, up by 35% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55319 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 55319; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
