$1,495,000
Land
Listing Office: Coldwell Banker Realty
Is 55419, 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, 55419 has remained a Seller's Market.
Key Takeaway
55419 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55419, MN
How much do homes in 55419, MN cost?
Median Sold Price
$460,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,500(+3.7%)
Key Takeaway
Homes in 55419 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 55419 was $460,000 in November 2024, up 3.7% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | $191.5K | -12.6% |
| 2 Bedrooms | $328.2K | $314.5K | -4.2% |
| 3 Bedrooms | $418.5K | $439.4K | +5.0% |
| 4 Bedrooms | $563.7K | $661K | +17.3% |
| 5+ Bedrooms | $875K | $680K | -22.3% |
Summary: 55419 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes decreased by 22.3%.
Housing Supply in 55419, MN
How many homes are available in 55419, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 82 | -6.8% |
Summary: The 55419 real estate market had 82 homes for sale in November 2024, a 6.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 37 | 34 | -8.1% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 55419 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Asking Price vs. Sold Price
8 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 55419, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 55419 in November 2024, down by 25.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.
Days on Market for 55419, MN
How long does it take to sell a home in 55419, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 21 Days | -30.7% |
Summary: Homes in 55419 had an average of 21 days on market in Nov 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55419 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 55419; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
