$3,432 Closing Credit*
$289,000
1,562 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55347, 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, 55347 has remained a Seller's Market.
Key Takeaway
55347 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55347, MN
How much do homes in 55347, MN cost?
Median Sold Price
$542,560
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,226(+1.2%)
Key Takeaway
Homes in 55347 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 55347 was $542,560 in October 2024, up 1.2% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.4K | $157K | -36.3% |
| 2 Bedrooms | $289K | $265K | -8.3% |
| 3 Bedrooms | $432.5K | $425K | -1.7% |
| 4 Bedrooms | $576.7K | $580K | +0.6% |
| 5+ Bedrooms | $751.7K | $859.9K | +14.4% |
Summary: 55347 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in 55347, MN
How many homes are available in 55347, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 140 | 0.0% |
Summary: The 55347 real estate market had 140 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 38 | 45 | +18.4% |
| 4 Bedrooms | 43 | 37 | -14.0% |
| 5+ Bedrooms | 37 | 36 | -2.7% |
Summary: The 55347 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 2.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55347, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 55347 in October 2024, down by 2.6% month-over-month. Of the 38 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% were sold over asking.
Days on Market for 55347, MN
How long does it take to sell a home in 55347, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 38 Days | +2.8% |
Summary: Homes in 55347 had an average of 38 days on market in Oct 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55347 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in 55347; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
