Is 55120, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 55120 is a buyer's market


Difference Since February 2022

At the same time last year, 55120 was a Seller's Market.

Key Takeaway

55120 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 55120, MN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 55120 have sold for 39.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 --
2 $252.5K$273K
3 $445K$456K
4 $514.9K$615K
5+ $777.5K$665K

Median Sold Price Compared To Nearby Zip Codes


How many homes are available in 55120, MN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 11
3 36
4 34
5+ 11

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55120, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
29 Days38 Days+31.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55120 has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 55120, MN

55120, MN has 12 homes on the market. In February 2023 in 55120, MN there were 50% more homes for sale than in January 2023. Listings spent 38 days on the market in February 2023, and had a median list price of $599,000 during the same period. Real estate listing prices changed between January 2023 and February 2023: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 8.1%, prices of 3 bedrooms properties went up by 2.5%, 4 bedrooms properties prices increased by 19.4%, 5 bedrooms properties became 14.5% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 100%, number of 4 bedrooms homes increased by 33.3%, 5 bedrooms homes inventory did not change. In February 2023 more than 1 listings in 55120, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.