Is 55037, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55037 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55037 has remained a Seller's Market.

Key Takeaway

55037 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55037, MN cost?

Median Sold Price

$209,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$49,000(+30.6%)

Key Takeaway

Homes in 55037 have sold for 30.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $79.2K$140K
+76.8%
2 $139K$219K
+57.6%
3 $157.1K$185K
+17.7%
4 $245.9K$220K
-10.6%
5+ $320K$349.5K
+9.2%

Median Sold Price Compared To Nearby Zip Codes

55037
+30.6%
54840
+18.2%
55063
+4.9%
54830
+4.3%
55072
-3.0%

How many homes are available in 55037, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
2319-17.4%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 75
-28.6%
3 108
-20.0%
4 45
+25.0%
5+ 21
-50.0%

Number of Homes Sold

Nov 2021Dec 2021%
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55037, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
94 Days36 Days-61.3%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55037 has remained consistent over time.

About 55037, MN

55037, MN has 19 homes on the market. Between November 2021 and December 2021, 55037, MN real estate market has seen decrease in the number of listings by 17.4%. In December 2021, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $209,000. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 76.8%, prices of 2 bedrooms properties increased by 57.6%, 3 bedrooms properties became 17.7% more expensive, 4 bedrooms properties prices decreased by 10.6%, 5 bedrooms properties prices increased by 9.2%. This housing market inventory have changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 28.6%, volume of 3 bedrooms homes went down by 20%, number of 4 bedrooms homes increased by 25%, number of 5 bedrooms homes decreased by 50%. 55037, MN housing market in December 2021 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 4 sold below.