$5,639 Closing Credit*
$474,900
3,039 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Edina Realty, Inc.
Is 55449, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $292K | $291K | -0.3% |
| 3 Bedrooms | $363.2K | $374.9K | +3.2% |
| 4 Bedrooms | $500K | $489.9K | -2.0% |
| 5+ Bedrooms | $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%.
Housing Supply in 55449, MN
How many homes are available in 55449, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 212 | 220 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 62 | 63 | +1.6% |
| 4 Bedrooms | 73 | 69 | -5.5% |
| 5+ Bedrooms | 51 | 62 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 44 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 29 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
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.
