$1,603 Closing Credit*
$135,000
720 SqFt
1 Bed
•1 Bath
Listing Office: Edina Realty, Inc.
Is 55436, 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, 55436 has remained a Seller's Market.
Key Takeaway
55436 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55436, MN
How much do homes in 55436, MN cost?
Median Sold Price
$636,250
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$83,250(+15.1%)
Key Takeaway
Homes in 55436 have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in 55436 was $636,250 in October 2024, up 15.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.7K | $166K | -0.4% |
| 2 Bedrooms | $267.5K | $264.9K | -1.0% |
| 3 Bedrooms | $505K | $542.5K | +7.4% |
| 4 Bedrooms | $710K | $749.9K | +5.6% |
| 5+ Bedrooms | $1.4M | $1.2M | -11.7% |
Summary: 55436 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 11.7%.
Housing Supply in 55436, MN
How many homes are available in 55436, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 101 | +21.7% |
Summary: The 55436 real estate market had 101 homes for sale in October 2024, a 21.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 16 | +100.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 25 | 32 | +28.0% |
Summary: The 55436 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 28%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55436, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 55436 in October 2024, up by 53.8% month-over-month. Of the 20 sold homes, 65% were sold under asking, 5% were sold at asking, and 30% were sold over asking.
Days on Market for 55436, MN
How long does it take to sell a home in 55436, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 61 Days | +83.0% |
Summary: Homes in 55436 had an average of 61 days on market in Oct 2024, up by 83% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55436 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 55436; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
