$6,353 Closing Credit*
$535,000
2,868 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Keller Williams Premier Realty
Is 55901, 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, 55901 has remained a Seller's Market.
Key Takeaway
55901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55901, MN
How much do homes in 55901, MN cost?
Median Sold Price
$317,070
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,131(+3.3%)
Key Takeaway
Homes in 55901 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 55901 was $317,070 in November 2024, up 3.3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $100.2K | 0.2% |
| 2 Bedrooms | $230.5K | $242.7K | +5.3% |
| 3 Bedrooms | $276.3K | $285K | +3.1% |
| 4 Bedrooms | $346.4K | $354.6K | +2.3% |
| 5+ Bedrooms | $454K | $445K | -2.0% |
Summary: 55901 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 55901, MN
How many homes are available in 55901, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 222 | 193 | -13.1% |
Summary: The 55901 real estate market had 193 homes for sale in November 2024, a 13.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 48 | 42 | -12.5% |
| 3 Bedrooms | 69 | 66 | -4.3% |
| 4 Bedrooms | 76 | 64 | -15.8% |
| 5+ Bedrooms | 26 | 18 | -30.8% |
Summary: The 55901 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 39 | -47.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55901, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 55901 in November 2024, down by 47.3% month-over-month. Of the 39 sold homes, 38% were sold under asking, 36% were sold at asking, and 26% were sold over asking.
Days on Market for 55901, MN
How long does it take to sell a home in 55901, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 42 Days | +62.5% |
Summary: Homes in 55901 had an average of 42 days on market in Nov 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55901 has remained consistent over time.
Summary: During November 2024, 39 homes were sold in 55901; 44% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
