$10,000 Closing Credit*
$2,500,000
5,475 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: Edina Realty, Inc.
Is 55439, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55439 has remained a Seller's Market.
Key Takeaway
55439 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55439, MN
How much do homes in 55439, MN cost?
Median Sold Price
$645,525
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$75,525(+13.3%)
Key Takeaway
Homes in 55439 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 55439 was $645,525 in December 2024, up 13.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $325K | +16.1% |
| 2 Bedrooms | $335K | $372.2K | +11.1% |
| 3 Bedrooms | $535K | $500K | -6.5% |
| 4 Bedrooms | $730K | $725K | -0.7% |
| 5+ Bedrooms | $925K | $1.0M | +8.6% |
Summary: 55439 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 55439, MN
How many homes are available in 55439, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The 55439 real estate market had 44 homes for sale in December 2024, a 2.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 55439 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55439, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55439 in December 2024, up by 71.4% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 55439, MN
How long does it take to sell a home in 55439, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 82 Days | +232.2% |
Summary: Homes in 55439 had an average of 82 days on market in Dec 2024, up by 232.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55439 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in 55439; 42% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
