Is 55120, 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, 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
$599,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$169,000(+39.3%)
Key Takeaway
Homes in 55120 have sold for 39.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.5K | $273K | +8.1% |
| 3 Bedrooms | $445K | $456K | +2.5% |
| 4 Bedrooms | $514.9K | $615K | +19.4% |
| 5+ Bedrooms | $777.5K | $665K | -14.5% |
Median Sold Price Compared To Nearby Zip Codes
| 55120 | $430K | $599K | +39.3% |
| 55116 | $390.2K | $400K | +2.5% |
| 55121 | $280K | $284.9K | +1.8% |
How many homes are available in 55120, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 8 | 12 | +50.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2022 | Feb 2023 | % |
|---|---|---|
| 29 Days | 38 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
Key Takeaway
Avg time on Rocket Homes in 55120 has remained consistent over time.
