$2,909 Closing Credit*
$245,000
1,891 SqFt
5 Beds
•2 Full Baths
Listing Office: Edina Realty, Inc.
Is 55434, 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, 55434 has remained a Seller's Market.
Key Takeaway
55434 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55434, MN
How much do homes in 55434, MN cost?
Median Sold Price
$335,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+3.1%)
Key Takeaway
Homes in 55434 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 55434 was $335,000 in October 2024, up 3.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $598.5K | $315K | -47.4% |
| 2 Bedrooms | $249.9K | $252.9K | +1.2% |
| 3 Bedrooms | $325K | $328K | +0.9% |
| 4 Bedrooms | $365.5K | $367K | 0.4% |
| 5+ Bedrooms | $420K | $379.9K | -9.5% |
Summary: 55434 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in 55434, MN
How many homes are available in 55434, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 109 | +5.8% |
Summary: The 55434 real estate market had 109 homes for sale in October 2024, a 5.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 55434 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 4.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 38 | +52.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55434, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 55434 in October 2024, up by 52.0% month-over-month. Of the 38 sold homes, 37% were sold under asking, 34% were sold at asking, and 29% were sold over asking.
Days on Market for 55434, MN
How long does it take to sell a home in 55434, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 30 Days | +4.6% |
Summary: Homes in 55434 had an average of 30 days on market in Oct 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55434 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in 55434; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
