$6,531 Closing Credit*
$550,000
2,940 SqFt
4 Beds
•2 Full Baths
Listing Office: Coldwell Banker Realty
Is 55414, 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, 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
$368,500
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+9.7%)
Key Takeaway
Homes in 55414 have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in 55414 was $368,500 in November 2024, up 9.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | $181.5K | -32.0% |
| 2 Bedrooms | $245.7K | $362.5K | +47.5% |
| 3 Bedrooms | $337.4K | $393K | +16.5% |
| 4 Bedrooms | $400K | $350K | -12.5% |
| 5+ Bedrooms | $340K | $386K | +13.5% |
Summary: 55414 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes increased by 47.5%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 55414, MN
How many homes are available in 55414, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Summary: The 55414 real estate market had 35 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 | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 55414 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 decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55414, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 55414 in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 39 Days | -52.6% |
Summary: Homes in 55414 had an average of 39 days on market in Nov 2024, down by 52.6% compared to last year.
Breakdown of Home Sale Times
4 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 November 2024, 7 homes were sold in 55414; 57% 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.
