Is 55117, 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, 55117 has remained a Seller's Market.
Key Takeaway
55117 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 55117, MN cost?
Median Sold Price
$269,844
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$11,749(+4.6%)
Key Takeaway
Homes in 55117 have sold for 4.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $115K | $120.5K | +4.8% |
| 2 Bedrooms | $195K | $195K | 0.0% |
| 3 Bedrooms | $265K | $278K | +4.9% |
| 4 Bedrooms | $313.5K | $341.2K | +8.9% |
| 5+ Bedrooms | $362K | $360K | -0.6% |
How many homes are available in 55117, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 73 | 78 | +6.8% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 23 | 30 | +30.4% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55117, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 27 Days | 36 Days | +30.9% |
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55117 are selling fast, if you're buying plan to act quickly.
