$4,964 Closing Credit*
$418,000
2,534 SqFt
Listing Office: eXp Realty
Is 55414, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55414 has remained a Seller's Market.
Key Takeaway
55414 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55414, MN
How much do homes in 55414, MN cost?
Median Sold Price
$372,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,100(+11.1%)
Key Takeaway
Homes in 55414 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 55414 was $372,000 in October 2024, up 11.1% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $181.5K | -28.5% |
| 2 Bedrooms | $252K | $410K | +62.7% |
| 3 Bedrooms | $340K | $375K | +10.3% |
| 4 Bedrooms | $387.5K | $350K | -9.7% |
| 5+ Bedrooms | $368.7K | $392K | +6.3% |
Summary: 55414 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.5%, 2 bedroom homes increased by 62.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in 55414, MN
How many homes are available in 55414, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The 55414 real estate market had 41 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 55414 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 decreased by 31.3%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55414, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 55414 in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for 55414, MN
How long does it take to sell a home in 55414, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 37 Days | -54.7% |
Summary: Homes in 55414 had an average of 37 days on market in Oct 2024, down by 54.7% 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 55414 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 55414; 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.
