$4,691 Closing Credit*
$395,000
1,689 SqFt
3 Beds
•1 Full 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 November 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
$650,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+18.2%)
Key Takeaway
Homes in 55436 have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in 55436 was $650,000 in November 2024, up 18.2% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.5K | $168.5K | +9.1% |
| 2 Bedrooms | $275.5K | $267.4K | -2.9% |
| 3 Bedrooms | $505K | $567.5K | +12.4% |
| 4 Bedrooms | $730K | $765K | +4.8% |
| 5+ Bedrooms | $1.4M | $1.2M | -11.7% |
Summary: 55436 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 4.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 79 | -11.2% |
Summary: The 55436 real estate market had 79 homes for sale in November 2024, a 11.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 10 | -16.7% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 29 | 25 | -13.8% |
Summary: The 55436 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 13.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55436, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 55436 in November 2024, down by 30.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 28 Days | -32.6% |
Summary: Homes in 55436 had an average of 28 days on market in Nov 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55436 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 55436; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
