Is 55122, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55122 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55122 has remained a Seller's Market.

Key Takeaway

55122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55122, MN cost?

Median Sold Price

$315,814

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$23,480(+8.0%)

Key Takeaway

Homes in 55122 have sold for 8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $137.5K$170K
+23.6%
2 $207.5K$229.9K
+10.8%
3 $301.9K$318.1K
+5.4%
4 $342K$385K
+12.6%
5+ $443.5K$525K
+18.4%

Median Sold Price Compared To Nearby Zip Codes

55123
+15.5%
55337
+12.3%
55121
+11.0%
55425
+9.8%
55122
+8.0%

How many homes are available in 55122, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
11897-17.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 53
-40.0%
2 3528
-20.0%
3 3627
-25.0%
4 3330
-9.1%
5+ 99
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
41410.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55122, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
21 Days19 Days-11.5%

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55122 are selling fast, if you're buying plan to act quickly.

About 55122, MN

Homes for sale in 55122, MN have reached 97. The number of listings in 55122, MN decreased by 17.8% between November 2021 and December 2021. While the average time on the market in December 2021 was 19 days, the median list price was $315,814. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 23.6%, the cost of 2 bedrooms properties went up by 10.8%, the cost of 3 bedrooms properties went up by 5.4%, prices of 4 bedrooms properties increased by 12.6%, prices of 5 bedrooms properties went up by 18.4%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 40%, 2 bedrooms homes became 20% less available, volume of 3 bedrooms homes went down by 25%, 4 bedrooms homes inventory decreased by 9.1%, 5 bedrooms homes did not move. In December 2021 more than 19 listings in 55122, MN were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 8 were sold below.