$10,000 Closing Credit*
$1,495,000
7,633 SqFt
7 Beds
•5 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is 55403, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55403 was a Seller's Market.
Key Takeaway
55403 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55403, MN
How much do homes in 55403, MN cost?
Median Sold Price
$298,500
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,750(+20.5%)
Key Takeaway
Homes in 55403 have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in 55403 was $298,500 in November 2024, up 20.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $150K | -5.7% |
| 2 Bedrooms | $305K | $300K | -1.6% |
| 3 Bedrooms | $606K | $731K | +20.6% |
| 4 Bedrooms | $1.1M | $1.1M | +1.5% |
| 5+ Bedrooms | $1.3M | $1.3M | 0.0% |
Summary: 55403 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes did not change.
Housing Supply in 55403, MN
How many homes are available in 55403, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 96 | +3.2% |
Summary: The 55403 real estate market had 96 homes for sale in November 2024, a 3.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 34 | +6.3% |
| 2 Bedrooms | 39 | 40 | +2.6% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 55403 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
10 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 55403, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55403 in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 55403, MN
How long does it take to sell a home in 55403, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 75 Days | -6.2% |
Summary: Homes in 55403 had an average of 75 days on market in Nov 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55403 has remained consistent over time.
Summary: During November 2024, 12 homes were sold in 55403; 17% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
