$6,886 Closing Credit*
$579,900
2,145 SqFt
3 Beds
•2 Full Baths
Listing Office: Edina Realty, Inc.
Is 55419, 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, 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
$464,291
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,291(+6.7%)
Key Takeaway
Homes in 55419 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 55419 was $464,291 in October 2024, up 6.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188.1K | $245K | +30.2% |
| 2 Bedrooms | $329.1K | $317.4K | -3.5% |
| 3 Bedrooms | $420K | $439K | +4.5% |
| 4 Bedrooms | $561.2K | $657.7K | +17.2% |
| 5+ Bedrooms | $870.5K | $675K | -22.5% |
Summary: 55419 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 22.5%.
Housing Supply in 55419, MN
How many homes are available in 55419, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 96 | +17.1% |
Summary: The 55419 real estate market had 96 homes for sale in October 2024, a 17.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The 55419 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 increased by 9.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55419, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 55419 in October 2024, up by 30.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -3.4% |
Summary: Homes in 55419 had an average of 26 days on market in Oct 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55419 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 55419; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
