$5,224 Closing Credit*
$439,900
2,620 SqFt
4 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is 55381, 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, 55381 was a Seller's Market.
Key Takeaway
55381 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55381, MN
How much do homes in 55381, MN cost?
Median Sold Price
$235,650
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$44,350(-15.8%)
Key Takeaway
Homes in 55381 have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in 55381 was $235,650 in October 2024, down 15.8% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $154.5K | N/A |
| 2 Bedrooms | $171K | $198.9K | +16.3% |
| 3 Bedrooms | $280K | $232.5K | -17.0% |
| 4 Bedrooms | $299.5K | $240K | -19.9% |
| 5+ Bedrooms | $546K | $560K | +2.6% |
Summary: 55381 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 16.3%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 19.9%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 55381, MN
How many homes are available in 55381, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 55381 real estate market had 9 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 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55381 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55381, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 55381 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55381, MN
How long does it take to sell a home in 55381, MN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55381 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 55381; 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.
