Is 55107, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 55107 was a Seller's Market.
Key Takeaway
55107 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 55107, MN cost?
Median Sold Price
$257,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$7,000(+2.8%)
Key Takeaway
Homes in 55107 have sold for 2.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $178.4K | $161.5K | -9.5% |
| 2 Bedrooms | $205.2K | $195K | -5.0% |
| 3 Bedrooms | $251.7K | $261K | +3.7% |
| 4 Bedrooms | $305K | $304.5K | -0.2% |
| 5+ Bedrooms | $307.5K | $232K | -24.6% |
How many homes are available in 55107, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 28 | 29 | +3.6% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55107, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 22 Days | 37 Days | +67.2% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55107 are selling fast, if you're buying plan to act quickly.
