Is 55075, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55075 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 55075 has remained a Seller's Market.

Key Takeaway

55075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55075, MN cost?

Median Sold Price

$280,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$10,000(+3.7%)

Key Takeaway

Homes in 55075 have sold for 3.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $171K$170K
-0.6%
2 $232K$230K
-0.9%
3 $274.9K$279.2K
+1.6%
4 $300K$315K
+5.0%
5+ $392.5K$350K
-10.8%

Median Sold Price Compared To Nearby Zip Codes

55118
+10.0%
55076
+6.1%
55075
+3.7%
55055
+2.9%
55107
+2.8%

How many homes are available in 55075, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
3532-8.6%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 10
-100.0%
2 129
-25.0%
3 1012
+20.0%
4 910
+11.1%
5+ 31
-66.7%

Number of Homes Sold

Jan 2023Feb 2023%
129-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55075, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
37 Days62 Days+66.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55075 has remained consistent over time.

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

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1101 6th Ave S, South Saint Paul, MN 55075

Coming Soon

$265,000

3

1 Full, 1 Partial

806 SqFt

1101 6th Ave S, South Saint Paul MN, 55075

Listing Office:

My Mobile Agents Realty

#6345459

MLS logo
109 14th Ave S, South Saint Paul, MN 55075

$180,000

2

1

1,099 SqFt

109 14th Ave S, South Saint Paul MN, 55075

Listing Office:

Compass

#6344391

MLS logo
750 11th Ave N, South Saint Paul, MN 55075

$185,000

3

1

1,103 SqFt

750 11th Ave N, South Saint Paul MN, 55075

Listing Office:

Edina Realty, Inc.

#6339442

MLS logo
2002 Eva Ln S, Saint Paul, MN 55075

$300,000

3

1

1,438 SqFt

2002 Eva Ln S, Saint Paul MN, 55075

Listing Office:

Jason Mitchell Real Estate Minnesota LLC

#6336140

MLS logo

About 55075, MN

55075, MN has 32 homes for sale to choose from. Between January 2023 and February 2023, 55075, MN real estate market has seen decrease in the number of listings by 8.6%. In February 2023 median list price was $280,000 and the average listing age was 62 days. This housing market listing prices have changed between January 2023 and February 2023: 1 bedroom properties prices decreased by 0.6%, 2 bedrooms properties became 0.9% more cheaper, 3 bedrooms properties prices increased by 1.6%, 4 bedrooms properties prices increased by 5%, 5 bedrooms properties prices decreased by 10.8%. This housing market inventory have changed: volume of 1 bedroom homes went down by 100%, number of 2 bedrooms homes decreased by 25%, 3 bedrooms homes inventory increased by 20%, number of 4 bedrooms homes increased by 11.1%, number of 5 bedrooms homes decreased by 66.7%. In February 2023 more than 5 listings in 55075, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 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

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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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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/23/2023, 6:22:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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