$4,453 Closing Credit*
$375,000
1,146 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Select Realty
Is 55415, 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, 55415 was a Seller's Market.
Key Takeaway
55415 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55415, MN
How much do homes in 55415, MN cost?
Median Sold Price
$499,900
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,950(+11.1%)
Key Takeaway
Homes in 55415 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 55415 was $499,900 in November 2024, up 11.1% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.5K | $241.9K | +78.6% |
| 2 Bedrooms | $482.4K | $548K | +13.6% |
| 3 Bedrooms | $739.3K | $995K | +34.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55415 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 34.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 55415, MN
How many homes are available in 55415, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 51 | -5.6% |
Summary: The 55415 real estate market had 51 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 43 | 39 | -9.3% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55415 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55415, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 55415 in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for 55415, MN
How long does it take to sell a home in 55415, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 123 Days | +174.7% |
Summary: Homes in 55415 had an average of 123 days on market in Nov 2024, up by 174.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 55415 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 8 homes were sold in 55415; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.
