Is 55045, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55045 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55045 has remained a Seller's Market.

Key Takeaway

55045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55045, MN cost?

Median Sold Price

$343,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$46,500(+15.7%)

Key Takeaway

Homes in 55045 have sold for 15.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $112.2K$187.4K
+67.0%
2 $261.6K$270K
+3.2%
3 $296K$334.9K
+13.1%
4 $300K$370K
+23.3%
5+ $367K$374.9K
+2.2%

Median Sold Price Compared To Nearby Zip Codes

55073
+38.2%
55045
+15.7%
55013
+15.7%
55074
+10.7%
55012
+7.2%

How many homes are available in 55045, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
4227-35.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 95
-44.4%
3 2014
-30.0%
4 116
-45.5%
5+ 22
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
168-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55045, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
21 Days31 Days+50.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55045 are selling fast, if you're buying plan to act quickly.

About 55045, MN

There are 27 homes are for sale in 55045, MN real estate market. The number of listings in 55045, MN decreased by 35.7% between November 2021 and December 2021. In December 2021 median list price was $343,000 and the average listing age was 31 days. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 67%, the cost of 2 bedrooms properties went up by 3.2%, 3 bedrooms properties became 13.1% more expensive, 4 bedrooms properties prices increased by 23.3%, prices of 5 bedrooms properties increased by 2.2%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes became 44.4% less available, the quantity of 3 bedrooms homes went down by 30%, number of 4 bedrooms homes decreased by 45.5%, volume of 5 bedrooms homes stayed the same. 55045, MN housing market in December 2021 saw over 5 listings sold above listed price, more than 1 sold at listed price and over 2 sold below.