Is 55021, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55021 is a neutral's market

Buyer's
Market

Difference Since February 2022

At the same time last year, 55021 was a Seller's Market.

Key Takeaway

55021 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 55021, MN cost?

Median Sold Price

$255,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$15,000(+6.3%)

Key Takeaway

Homes in 55021 have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $107.4K$165K
+53.6%
2 $194K$213.5K
+10.1%
3 $234.9K$237.5K
+1.1%
4 $285K$290K
+1.8%
5+ $328.7K$364.9K
+11.0%

Median Sold Price Compared To Nearby Zip Codes

55046
+8.1%
55021
+6.3%
55019
-4.1%

How many homes are available in 55021, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
6967-2.9%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 1516
+6.7%
3 2222
0.0%
4 2524
-4.0%
5+ 75
-28.6%

Number of Homes Sold

Jan 2023Feb 2023%
2011-45.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55021, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Average Sale Time

Feb 2022Feb 2023%
47 Days31 Days-33.5%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55021 are selling fast, if you're buying plan to act quickly.

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

Local real estate agents are ready to help you find a home here.

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607 Ladonna Ln, Faribault, MN 55021

Coming Soon

$225,000

4

3

2,680 SqFt

607 Ladonna Ln, Faribault MN, 55021

Listing Office:

Weichert, REALTORS- Heartland

#6347574

MLS logo
1285 Cuylle Bay, Faribault, MN 55021

$325,000

4

1

2,271 SqFt

1285 Cuylle Bay, Faribault MN, 55021

Listing Office:

True Real Estate

#6347137

MLS logo
1268 Cuylle Bay, Faribault, MN 55021

Coming Soon

$329,900

3

1

2,564 SqFt

1268 Cuylle Bay, Faribault MN, 55021

Listing Office:

Weichert, REALTORS- Heartland

#6340344

MLS logo
204 Brand Ave, Faribault, MN 55021

Coming Soon

$225,000

3

1 Full, 1 Partial

2,780 SqFt

204 Brand Ave, Faribault MN, 55021

Listing Office:

Edina Realty, Inc.

#6343992

MLS logo
3350 Culver Trl, Faribault, MN 55021

$74,500

Land

3350 Culver Trl, Faribault MN, 55021

Listing Office:

Weichert, REALTORS- Heartland

#6345759

MLS logo
1413 Highland Pl, Faribault, MN 55021

$239,900

3

2

1,608 SqFt

1413 Highland Pl, Faribault MN, 55021

Listing Office:

G&H Real Estate

#6346315

MLS logo
1150 Ivy Way, Faribault, MN 55021

$415,000

4

1

2,356 SqFt

1150 Ivy Way, Faribault MN, 55021

Listing Office:

eXp Realty

#6344130

MLS logo
6199 240th St E, Faribault, MN 55021

$499,000

3

1

2,400 SqFt

6199 240th St E, Faribault MN, 55021

Listing Office:

Keller Williams Premier Realty

#6345763

MLS logo
4970 Echo Ct, Warsaw Twp, MN 55021

$599,900

4

2

2,838 SqFt

4970 Echo Ct, Warsaw Twp MN, 55021

Listing Office:

Weichert, REALTORS- Heartland

#6343166

MLS logo
2615 Hanson Ave, Faribault, MN 55021

$434,228

2

1

1,468 SqFt

2615 Hanson Ave, Faribault MN, 55021

Listing Office:

Berkshire Hathaway HomeServices North Properties

#6344444

MLS logo
17645 Roberds Lake Blvd, Faribault, MN 55021

$599,900

2

2

2,770 SqFt

17645 Roberds Lake Blvd, Faribault MN, 55021

Listing Office:

Weichert, REALTORS- Heartland

#6334894

MLS logo
1119 Shumway Ct, Faribault, MN 55021

$469,000

3

2 Full, 1 Partial

3,041 SqFt

1119 Shumway Ct, Faribault MN, 55021

Listing Office:

RE/MAX Experts

#6341532

MLS logo

About 55021, MN

Homes for sale in 55021, MN have reached 67. The number of listings in 55021, MN decreased by 2.9% between January 2023 and February 2023. The median list price of listings available in February 2023 was $255,000, while the average time on the real estate market was 31 days. Real estate listing prices changed between January 2023 and February 2023: 1 bedroom properties became 53.6% more expensive, the cost of 2 bedrooms properties went up by 10.1%, 3 bedrooms properties became 1.1% more expensive, 4 bedrooms properties became 1.8% more expensive, prices of 5 bedrooms properties went up by 11%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 6.7% more available, 3 bedrooms homes did not move, 4 bedrooms homes became 4% less available, volume of 5 bedrooms homes went down by 28.6%. While more than 4 listings in 55021, MN in February 2023 were sold above asking price, there were more than 4 listings sold at asking price, and more than 3 were sold below.

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 03/01/2021 - 03/01/2023

Broker Reciprocity Copyright © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Last updated on: 3/28/2023, 11:22:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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