Is 55330, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55330 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 55330 has remained a Seller's Market.

Key Takeaway

55330 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55330, MN

How much do homes in 55330, MN cost?

Median Sold Price

$400,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,058(+2.6%)

Key Takeaway

Homes in 55330 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 55330 was $400,000 in October 2024, up 2.6% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155.9K$221K
+41.8%
2 $250K$269.9K
+8.0%
3 $340K$364K
+7.1%
4 $440K$450K
+2.3%
5+ $500K$493K
-1.4%

Summary: 55330 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Zip Codes

55398
+2.8%
55330
+2.6%
55301
0.4%
55309
0.0%
55303
-0.9%

Housing Supply in 55330, MN

How many homes are available in 55330, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
257292+13.6%

Summary: The 55330 real estate market had 292 homes for sale in October 2024, a 13.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 4648
+4.3%
3 96102
+6.3%
4 7789
+15.6%
5+ 3752
+40.5%

Summary: The 55330 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 40.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5158+13.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55330, you may be able to get a good deal. 37.9% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in 55330 in October 2024, up by 13.7% month-over-month. Of the 58 sold homes, 38% were sold under asking, 36% were sold at asking, and 26% were sold over asking.

Days on Market for 55330, MN

How long does it take to sell a home in 55330, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days37 Days+52.7%

Summary: Homes in 55330 had an average of 37 days on market in Oct 2024, up by 52.7% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55330 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 58 homes were sold in 55330; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 55330, MN

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