$4,453 Closing Credit*
$375,000
1,788 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55337, 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, 55337 has remained a Seller's Market.
Key Takeaway
55337 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55337, MN
How much do homes in 55337, MN cost?
Median Sold Price
$357,483
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,433(+2.4%)
Key Takeaway
Homes in 55337 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 55337 was $357,483 in October 2024, up 2.4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.9K | $97.5K | +0.6% |
| 2 Bedrooms | $240K | $245K | +2.1% |
| 3 Bedrooms | $350K | $346K | -1.1% |
| 4 Bedrooms | $387K | $405K | +4.7% |
| 5+ Bedrooms | $420K | $440K | +4.8% |
Summary: 55337 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 55337, MN
How many homes are available in 55337, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 180 | +15.4% |
Summary: The 55337 real estate market had 180 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 36 | 46 | +27.8% |
| 3 Bedrooms | 50 | 56 | +12.0% |
| 4 Bedrooms | 39 | 48 | +23.1% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The 55337 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55337, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 55337 in October 2024, down by 7.5% month-over-month. Of the 37 sold homes, 51% were sold under asking, 19% were sold at asking, and 30% were sold over asking.
Days on Market for 55337, MN
How long does it take to sell a home in 55337, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 29 Days | +81.7% |
Summary: Homes in 55337 had an average of 29 days on market in Oct 2024, up by 81.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55337 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 55337; 62% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
