Is 55313, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 55313 has remained a Seller's Market.
Key Takeaway
55313 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55313, MN
How much do homes in 55313, MN cost?
Median Sold Price
$366,666
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 55313 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 55313 was $366,666 in April 2024, up 4.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $390K | +136.4% |
| 2 Bedrooms | $268.5K | $265K | -1.3% |
| 3 Bedrooms | $329.8K | $317.3K | -3.8% |
| 4 Bedrooms | $375K | $405K | +8.0% |
| 5+ Bedrooms | $440K | $419.6K | -4.6% |
Summary: 55313 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.4%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Zip Codes
| 55313 | $350K | $366.6K | +4.8% |
| 55358 | $302.5K | $305K | +0.8% |
| 55363 | $299.4K | $290K | -3.2% |
| 55373 | $369.9K | $355K | -4.0% |
Housing Supply in 55313, MN
How many homes are available in 55313, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 103 | 120 | +16.5% |
Summary: The 55313 real estate market had 120 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 39 | 44 | +12.8% |
| 5+ Bedrooms | 24 | 30 | +25.0% |
Summary: The 55313 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55313, you may be able to get a good deal. 37% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 55313 in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.
Days on Market for 55313, MN
How long does it take to sell a home in 55313, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 58 Days | +21.3% |
Summary: Homes in 55313 had an average of 58 days on market in Apr 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55313 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in 55313; 41% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
