Is 55051, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 55051 was a Seller's Market.
Housing Prices in 55051, MN
How much do homes in 55051, MN cost?
Median Sold Price
$250,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55051 was $250,000 in March 2024, the same as last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $198K | +4.2% |
2 Bedrooms | $205K | $249.9K | +21.9% |
3 Bedrooms | $249.9K | $269K | +7.6% |
4 Bedrooms | $265.9K | $232.5K | -12.6% |
5+ Bedrooms | $402.9K | $430K | +6.7% |
Summary: 55051 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Zip Codes
55006 | $257.9K | $264.5K | +2.6% |
55051 | $249.9K | $250K | 0.0% |
55030 | $264.9K | $235K | -11.3% |
Housing Supply in 55051, MN
How many homes are available in 55051, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 30 | +66.7% |
Summary: The 55051 real estate market had 30 homes for sale in March 2024, a 66.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 7 | 15 | +114.3% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55051 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 50%, 3 bedroom homes increased by 114.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 55051 in March 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55051, MN
How long does it take to sell a home in 55051, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 8 Days | -82.9% |
Summary: Homes in 55051 had an average of 8 days on market in Mar 2024, down by 82.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 55051; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.