$4,038 Closing Credit*
$340,000
760 SqFt
2 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55353, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55353 was a Seller's Market.
Key Takeaway
55353 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 55353, MN
How much do homes in 55353, MN cost?
Median Sold Price
$324,500
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,614(+17.6%)
Key Takeaway
Homes in 55353 have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in 55353 was $324,500 in October 2024, up 17.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $275.4K | $279.9K | +1.6% |
| 3 Bedrooms | $253.4K | $342.2K | +35.1% |
| 4 Bedrooms | $330K | $312.4K | -5.3% |
| 5+ Bedrooms | $240K | $409.8K | +70.8% |
Summary: 55353 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 35.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 70.8%.
Housing Supply in 55353, MN
How many homes are available in 55353, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Summary: The 55353 real estate market had 18 homes for sale in October 2024, a 50.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 55353 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55353, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 55353 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 55353, MN
How long does it take to sell a home in 55353, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 13 Days | -57.2% |
Summary: Homes in 55353 had an average of 13 days on market in Oct 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55353 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 55353; 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.
