$189,900
Land
Listing Office: Edina Realty, Inc.
Is 55363, 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, 55363 has remained a Seller's Market.
Key Takeaway
55363 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55363, MN
How much do homes in 55363, MN cost?
Median Sold Price
$311,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,500(+7.4%)
Key Takeaway
Homes in 55363 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 55363 was $311,500 in November 2024, up 7.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $238K | $245K | +2.9% |
| 3 Bedrooms | $286.9K | $288.5K | +0.6% |
| 4 Bedrooms | $319.9K | $330K | +3.2% |
| 5+ Bedrooms | $351K | $360K | +2.6% |
Summary: 55363 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 2.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 55363, MN
How many homes are available in 55363, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The 55363 real estate market had 21 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55363 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55363, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 55363 in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 55363, MN
How long does it take to sell a home in 55363, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 24 Days | +104.8% |
Summary: Homes in 55363 had an average of 24 days on market in Nov 2024, up by 104.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55363 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 55363; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
