$4,156 Closing Credit*
$350,000
1,145 SqFt
2 Beds
•1 Full Bath
Listing Office: Real Broker, LLC
Is 55415, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55415 was a Seller's Market.
Key Takeaway
55415 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55415, MN
How much do homes in 55415, MN cost?
Median Sold Price
$497,450
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,500(+10.6%)
Key Takeaway
Homes in 55415 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 55415 was $497,450 in October 2024, up 10.6% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.5K | $244.9K | +80.7% |
| 2 Bedrooms | $479.9K | $558K | +16.3% |
| 3 Bedrooms | $658.6K | $995K | +51.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55415 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.7%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 51.1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 63 | +12.5% |
Summary: The 55415 real estate market had 63 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 40 | 48 | +20.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55415 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55415, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 55415 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 78 Days | +48.8% |
Summary: Homes in 55415 had an average of 78 days on market in Oct 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55415 has remained consistent over time.
Summary: During October 2024, 7 homes were sold in 55415; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
