Is 55343, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55343 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 55343 has remained a Seller's Market.

Key Takeaway

55343 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55343, MN cost?

Median Sold Price

$320,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$20,053(+6.7%)

Key Takeaway

Homes in 55343 have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $191K$184.5K
-3.4%
2 $220K$240.2K
+9.2%
3 $349.9K$362K
+3.4%
4 $437.5K$431.5K
-1.4%
5+ $654K$750K
+14.7%

Median Sold Price Compared To Nearby Zip Codes

55343
+6.7%
55426
+5.9%
55436
+3.6%
55345
+2.5%
55305
-1.3%

How many homes are available in 55343, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
5153+3.9%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 106
-40.0%
2 1516
+6.7%
3 1312
-7.7%
4 1015
+50.0%
5+ 34
+33.3%

Number of Homes Sold

Jan 2023Feb 2023%
1720+17.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55343, you may be able to get a good deal. 35% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
26 Days30 Days+18.4%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55343 are selling fast, if you're buying plan to act quickly.

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

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5359 Beachside Dr, Minnetonka, MN 55343

$324,900

3

1 Full, 1 Partial

1,550 SqFt

5359 Beachside Dr, Minnetonka MN, 55343

Listing Office:

RE/MAX Advantage Plus

#6347658

MLS logo
5601 Smetana Dr Unit 204, Minnetonka, MN 55343

$350,000

2

1

1,482 SqFt

5601 Smetana Dr Unit 204, Minnetonka MN, 55343

Listing Office:

Compass

#6345363

MLS logo
1001 11th Ave S Unit 8, Hopkins, MN 55343

Coming Soon

$119,900

1

1

704 SqFt

1001 11th Ave S Unit 8, Hopkins MN, 55343

Listing Office:

Realty Group LLC

#6344933

MLS logo
1323 Landmark Trl S, Hopkins, MN 55343

$209,990

2

1 Full, 2 Partial

1,168 SqFt

1323 Landmark Trl S, Hopkins MN, 55343

Listing Office:

EBR Realty

#6347121

MLS logo
237 Jackson Ave, Hopkins, MN 55343

$649,000

5

1 Full, 1 Partial

2,720 SqFt

237 Jackson Ave, Hopkins MN, 55343

Listing Office:

Park Place LLC

#6346823

MLS logo
15 19th Ave N, Hopkins, MN 55343

$299,900

2

2

1,373 SqFt

15 19th Ave N, Hopkins MN, 55343

Listing Office:

RE/MAX Preferred

#6343389

MLS logo
914 9th Ave S Unit 5, Hopkins, MN 55343

$129,999

2

1

905 SqFt

914 9th Ave S Unit 5, Hopkins MN, 55343

Listing Office:

RE/MAX Advantage Plus

#6335620

MLS logo
5601 Smetana Dr Unit 417, Minnetonka, MN 55343

$370,000

2

1

1,631 SqFt

5601 Smetana Dr Unit 417, Minnetonka MN, 55343

Listing Office:

Real Estate Corners, Inc

#6337770

MLS logo
5627 Green Circle Dr Unit 201, Minnetonka, MN 55343

$217,900

2

1

1,311 SqFt

5627 Green Circle Dr Unit 201, Minnetonka MN, 55343

Listing Office:

Keller Williams Classic Rlty NW

#6335522

MLS logo
5742 Shady Oak Rd S Unit B, Minnetonka, MN 55343

$854,900

2

1

2,464 SqFt

5742 Shady Oak Rd S Unit B, Minnetonka MN, 55343

Listing Office:

Gatehouse Properties LTD

#6332601

MLS logo
1709 Preston Ln, Hopkins, MN 55343

$650,000

4

1 Full, 2 Partial

2,492 SqFt

1709 Preston Ln, Hopkins MN, 55343

Listing Office:

Keller Williams Realty Integrity-Edina

#6330522

MLS logo
5601 Smetana Dr Unit 608, Minnetonka, MN 55343

$375,000

2

1

1,482 SqFt

5601 Smetana Dr Unit 608, Minnetonka MN, 55343

Listing Office:

RE/MAX Results

#6330221

MLS logo

About 55343, MN

55343, MN has 53 homes on the market. In February 2023 in 55343, MN there were 3.9% more homes for sale than in January 2023. While the average time on the market in February 2023 was 30 days, the median list price was $320,000. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went down by 3.4%, prices of 2 bedrooms properties went up by 9.2%, prices of 3 bedrooms properties increased by 3.4%, prices of 4 bedrooms properties decreased by 1.4%, prices of 5 bedrooms properties went up by 14.7%. This housing market inventory have changed: number of 1 bedroom homes decreased by 40%, volume of 2 bedrooms homes went up by 6.7%, 3 bedrooms homes inventory decreased by 7.7%, the quantity of 4 bedrooms homes went up by 50%, number of 5 bedrooms homes increased by 33.3%. In February 2023, from all listings sold in 55343, MN there were more than 7 sold above asking price, over 7 sold below and more than 6 were sold right at the asked price.

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 03/01/2021 - 03/01/2023

Broker Reciprocity Copyright © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/28/2023, 9:22:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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