$4,393 Closing Credit*
$369,940
1,244 SqFt
2 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Zimmerman, 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, Zimmerman has remained a Seller's Market.
Key Takeaway
Zimmerman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Zimmerman, MN
How much do homes in Zimmerman, MN cost?
Median Sold Price
$359,900
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$6,150(+1.7%)
Key Takeaway
Homes in Zimmerman have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Zimmerman was $359,900 in December 2024, up 1.7% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.8K | $257.5K | +15.5% |
| 2 Bedrooms | $280K | $305K | +8.9% |
| 3 Bedrooms | $320K | $338.5K | +5.8% |
| 4 Bedrooms | $389.9K | $389.9K | 0.0% |
| 5+ Bedrooms | $455K | $482.5K | +6.0% |
Summary: Zimmerman housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Livonia Township | $435K | $497.4K | +14.4% |
| Zimmerman | $353.7K | $359.9K | +1.7% |
Housing Supply in Zimmerman, MN
How many homes are available in Zimmerman, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 79 | 70 | -11.4% |
Summary: The Zimmerman real estate market had 70 homes for sale in December 2024, a 11.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Zimmerman housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zimmerman, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Zimmerman in December 2024, up by 25.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% were sold over asking.
Days on Market for Zimmerman, MN
How long does it take to sell a home in Zimmerman, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 41 Days | 39 Days | -4.7% |
Summary: Homes in Zimmerman had an average of 39 days on market in Dec 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Zimmerman are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 20 homes were sold in Zimmerman; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
