Is 55045, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 55045 was a Neutral Market.
Housing Prices in 55045, MN
How much do homes in 55045, MN cost?
Median Sold Price
$379,470
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55045 was $379,470 in April 2024, up 4.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $275K | -1.8% |
2 Bedrooms | $340K | $296.4K | -12.8% |
3 Bedrooms | $345K | $371K | +7.5% |
4 Bedrooms | $390K | $425K | +9.0% |
5+ Bedrooms | $492.5K | $449.7K | -8.7% |
Summary: 55045 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Zip Codes
55045 | $362K | $379.4K | +4.8% |
55074 | $400K | $295K | -26.3% |
Housing Supply in 55045, MN
How many homes are available in 55045, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 44 | +25.7% |
Summary: The 55045 real estate market had 44 homes for sale in April 2024, a 25.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 55045 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 55045 in April 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 55045, MN
How long does it take to sell a home in 55045, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 40 Days | +35.0% |
Summary: Homes in 55045 had an average of 40 days on market in Apr 2024, up by 35% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 55045; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.