Is 55123, 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, 55123 has remained a Seller's Market.
Housing Prices in 55123, MN
How much do homes in 55123, MN cost?
Median Sold Price
$444,900
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176K | $171.4K | -2.6% |
2 Bedrooms | $223.2K | $210K | -5.9% |
3 Bedrooms | $385K | $390K | +1.3% |
4 Bedrooms | $485.2K | $519K | +7.0% |
5+ Bedrooms | $600K | $658.5K | +9.8% |
Summary: 55123 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 55123, MN
How many homes are available in 55123, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 56 | -5.1% |
Summary: The 55123 real estate market had 56 homes for sale in March 2024, a 5.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 55123 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 55123 in March 2024, down by 17.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 55123, MN
How long does it take to sell a home in 55123, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 21 Days | -21.3% |
Summary: Homes in 55123 had an average of 21 days on market in Mar 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 55123; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.