Is 55014, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 55014 has remained a Seller's Market.
Housing Prices in 55014, MN
How much do homes in 55014, MN cost?
Median Sold Price
$350,200
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55014 was $350,200 in March 2024, down 1.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $256K | $260K | +1.6% |
3 Bedrooms | $320K | $342.5K | +7.0% |
4 Bedrooms | $415K | $400K | -3.6% |
5+ Bedrooms | $452.5K | $480K | +6.1% |
Summary: 55014 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 55014, MN
How many homes are available in 55014, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 88 | +39.7% |
Summary: The 55014 real estate market had 88 homes for sale in March 2024, a 39.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 21 | 38 | +81.0% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 55014 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 81%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 27 | +145.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 55014 in March 2024, up by 145.5% month-over-month. Of the 27 sold homes, 37% were sold under asking, 15% were sold at asking, and 48% were sold over asking.
Days on Market for 55014, MN
How long does it take to sell a home in 55014, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 27 Days | -18.7% |
Summary: Homes in 55014 had an average of 27 days on market in Mar 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 55014; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.