Is 55105, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, 55105 has remained a Seller's Market.
Key Takeaway
55105 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 55105, MN cost?
Median Sold Price
$426,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$4,500(+1.1%)
Key Takeaway
Homes in 55105 have sold for 1.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $119.5K | $94K | -21.3% |
| 2 Bedrooms | $303K | $300K | -1.0% |
| 3 Bedrooms | $410K | $420K | +2.4% |
| 4 Bedrooms | $555K | $481.4K | -13.3% |
| 5+ Bedrooms | $792.5K | $742K | -6.4% |
How many homes are available in 55105, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 60 | 61 | +1.7% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55105, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 40 Days | 33 Days | -18.1% |
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55105 has remained consistent over time.
