Is 55104, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55104 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55104 has remained a Seller's Market.

Key Takeaway

55104 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55104, MN cost?

Median Sold Price

$280,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$25,000(+9.8%)

Key Takeaway

Homes in 55104 have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $164.9K$170.5K
+3.4%
2 $215K$233.2K
+8.5%
3 $258K$277.1K
+7.4%
4 $280K$329K
+17.5%
5+ $472K$438.5K
-7.1%

Median Sold Price Compared To Nearby Zip Codes

55103
+20.3%
55104
+9.8%
55108
+9.3%
55105
+8.2%
55114
-3.1%

How many homes are available in 55104, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
141117-17.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 20
-100.0%
2 2921
-27.6%
3 5649
-12.5%
4 3932
-17.9%
5+ 1515
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
4044+10.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55104, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
29 Days39 Days+33.7%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55104 are selling fast, if you're buying plan to act quickly.

About 55104, MN

55104, MN has 117 homes on the market. The number of listings in 55104, MN decreased by 17% between November 2021 and December 2021. In December 2021 median list price was $280,000 and the average listing age was 39 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 3.4%, the cost of 2 bedrooms properties went up by 8.5%, prices of 3 bedrooms properties went up by 7.4%, 4 bedrooms properties prices increased by 17.5%, 5 bedrooms properties prices decreased by 7.1%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 100%, 2 bedrooms homes inventory decreased by 27.6%, 3 bedrooms homes inventory decreased by 12.5%, 4 bedrooms homes inventory decreased by 17.9%, the quantity of 5 bedrooms homes have not changed. In December 2021, from all listings sold in 55104, MN there were more than 18 sold above asking price, over 16 sold below and more than 10 were sold right at the asked price.