$4,156 Closing Credit*
$350,000
1,008 SqFt
2 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55329, 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, 55329 was a Seller's Market.
Key Takeaway
55329 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 55329, MN
How much do homes in 55329, MN cost?
Median Sold Price
$246,250
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$31,250(-11.3%)
Key Takeaway
Homes in 55329 have sold for 11.3% less than they did a year ago.
Summary: The median home sold price in 55329 was $246,250 in November 2024, down 11.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $181.5K | -30.2% |
| 3 Bedrooms | $360K | $277.5K | -22.9% |
| 4 Bedrooms | $360K | $247.5K | -31.3% |
| 5+ Bedrooms | $237K | $264.5K | +11.6% |
Summary: 55329 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 30.2%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Zip Codes
| 56368 | $322.4K | $345K | +7.0% |
| 56362 | $280K | $264.9K | -5.4% |
| 55329 | $277.5K | $246.2K | -11.3% |
Housing Supply in 55329, MN
How many homes are available in 55329, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The 55329 real estate market had 7 homes for sale in November 2024, a 12.5% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55329 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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 55329, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 55329 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 55329, MN
How long does it take to sell a home in 55329, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 20 Days | +33.3% |
Summary: Homes in 55329 had an average of 20 days on market in Nov 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55329 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 55329; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
