Is 55104, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 55104 has remained a Seller's Market.
Housing Prices in 55104, MN
How much do homes in 55104, MN cost?
Median Sold Price
$290,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55104 was $290,000 in March 2024, down 3.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206K | $173.3K | -15.8% |
2 Bedrooms | $238.3K | $239.9K | +0.6% |
3 Bedrooms | $303.5K | $285K | -6.1% |
4 Bedrooms | $350K | $340.1K | -2.8% |
5+ Bedrooms | $525K | $419.7K | -20.0% |
Summary: 55104 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 20%.
Housing Supply in 55104, MN
How many homes are available in 55104, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 99 | +2.1% |
Summary: The 55104 real estate market had 99 homes for sale in March 2024, a 2.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 46 | 43 | -6.5% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 55104 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 33 | +50.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 55104 in March 2024, up by 50.0% month-over-month. Of the 33 sold homes, 33% were sold under asking, 18% were sold at asking, and 48% were sold over asking.
Days on Market for 55104, MN
How long does it take to sell a home in 55104, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 26 Days | -37.2% |
Summary: Homes in 55104 had an average of 26 days on market in Mar 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 55104; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.