Is 55449, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55449 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 55449 has remained a Seller's Market.

Key Takeaway

55449 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55449, MN

How much do homes in 55449, MN cost?

Median Sold Price

$449,963

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$38,858(+9.5%)

Key Takeaway

Homes in 55449 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 55449 was $449,963 in October 2024, up 9.5% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$200K
N/A
2 $292K$291K
-0.3%
3 $363.2K$374.9K
+3.2%
4 $500K$489.9K
-2.0%
5+ $609.5K$620.4K
+1.8%

Summary: 55449 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

55126
+13.9%
55449
+9.5%
55112
+4.4%
55434
+3.1%
55014
+3.1%

Housing Supply in 55449, MN

How many homes are available in 55449, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
212220+3.8%

Summary: The 55449 real estate market had 220 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2626
0.0%
3 6263
+1.6%
4 7369
-5.5%
5+ 5162
+21.6%

Summary: The 55449 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 remained the same, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 21.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5644-21.4%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55449, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in 55449 in October 2024, down by 21.4% month-over-month. Of the 44 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.

Days on Market for 55449, MN

How long does it take to sell a home in 55449, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days29 Days-7.4%

Summary: Homes in 55449 had an average of 29 days on market in Oct 2024, down by 7.4% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55449 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 44 homes were sold in 55449; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 55449, MN

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