$10,000 Closing Credit*
$2,199,900
4,204 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: Luke Team Real Estate
Is 55410, 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, 55410 has remained a Seller's Market.
Key Takeaway
55410 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55410, MN
How much do homes in 55410, MN cost?
Median Sold Price
$577,500
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,500(+1.3%)
Key Takeaway
Homes in 55410 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 55410 was $577,500 in November 2024, up 1.3% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $214K | +7.0% |
| 2 Bedrooms | $378.7K | $405K | +6.9% |
| 3 Bedrooms | $511.5K | $485K | -5.2% |
| 4 Bedrooms | $778K | $713.7K | -8.3% |
| 5+ Bedrooms | $1.2M | $1.2M | -3.2% |
Summary: 55410 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 55410, MN
How many homes are available in 55410, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 126 | 116 | -7.9% |
Summary: The 55410 real estate market had 116 homes for sale in November 2024, a 7.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 47 | 40 | -14.9% |
| 4 Bedrooms | 42 | 38 | -9.5% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The 55410 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55410, you may be able to get a good deal. 65.8% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 55410 in November 2024, up by 31.0% month-over-month. Of the 38 sold homes, 66% were sold under asking, 13% were sold at asking, and 21% were sold over asking.
Days on Market for 55410, MN
How long does it take to sell a home in 55410, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 34 Days | -11.4% |
Summary: Homes in 55410 had an average of 34 days on market in Nov 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55410 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 38 homes were sold in 55410; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
