Is 55113, 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, 55113 has remained a Seller's Market.
Housing Prices in 55113, MN
How much do homes in 55113, MN cost?
Median Sold Price
$344,875
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55113 was $344,875 in March 2024, up 1.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $128.4K | +7.0% |
2 Bedrooms | $214.2K | $217.5K | +1.5% |
3 Bedrooms | $347.9K | $351.3K | +1.0% |
4 Bedrooms | $411.6K | $400.5K | -2.7% |
5+ Bedrooms | $510K | $463K | -9.2% |
Summary: 55113 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in 55113, MN
How many homes are available in 55113, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 121 | +5.2% |
Summary: The 55113 real estate market had 121 homes for sale in March 2024, a 5.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 12 | +50.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 47 | 47 | 0.0% |
4 Bedrooms | 37 | 36 | -2.7% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 55113 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 55113 in March 2024, down by 10.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 11% were sold at asking, and 59% were sold over asking.
Days on Market for 55113, MN
How long does it take to sell a home in 55113, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 27 Days | -37.4% |
Summary: Homes in 55113 had an average of 27 days on market in Mar 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 55113; 59% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.