$5,641 Closing Credit*
$475,000
2,390 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55341, 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, 55341 has remained a Buyer's Market.
Key Takeaway
55341 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55341, MN
How much do homes in 55341, MN cost?
Median Sold Price
$449,950
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,950(+5.9%)
Key Takeaway
Homes in 55341 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 55341 was $449,950 in November 2024, up 5.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399.9K | $425K | +6.3% |
| 3 Bedrooms | $403K | $444K | +10.2% |
| 4 Bedrooms | $432K | $449.4K | +4.0% |
| 5+ Bedrooms | $447.5K | $595.4K | +33.1% |
Summary: 55341 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 increased by 6.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 33.1%.
Housing Supply in 55341, MN
How many homes are available in 55341, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 52 | +26.8% |
Summary: The 55341 real estate market had 52 homes for sale in November 2024, a 26.8% increase 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 55341 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 increased by 14.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55341, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55341 in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 55341, MN
How long does it take to sell a home in 55341, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 55 Days | +92.5% |
Summary: Homes in 55341 had an average of 55 days on market in Nov 2024, up by 92.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55341 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 55341; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
