Is 55346, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55346 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 55346 has remained a Seller's Market.

Key Takeaway

55346 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55346, MN cost?

Median Sold Price

$445,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$25,000(+6.0%)

Key Takeaway

Homes in 55346 have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $181.5K$197.5K
+8.8%
2 $241.5K$251K
+3.9%
3 $385K$395.5K
+2.7%
4 $475K$470K
-1.1%
5+ $559K$658K
+17.7%

Median Sold Price Compared To Nearby Zip Codes

55344
+6.7%
55343
+6.7%
55346
+6.0%
55347
+4.6%
55345
+2.5%

How many homes are available in 55346, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
3029-3.3%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 43
-25.0%
3 910
+11.1%
4 78
+14.3%
5+ 108
-20.0%

Number of Homes Sold

Jan 2023Feb 2023%
87-12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55346, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
22 Days39 Days+74.6%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55346 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.

Local real estate agents are ready to help you find a home here.

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6333 Saint Johns Dr, Eden Prairie, MN 55346

Coming Soon

$235,000

2

1 Full, 1 Partial

1,624 SqFt

6333 Saint Johns Dr, Eden Prairie MN, 55346

Listing Office:

Edina Realty, Inc.

#6328384

MLS logo
6640 Harlan Dr, Eden Prairie, MN 55346

Coming Soon

$435,000

3

2

1,965 SqFt

6640 Harlan Dr, Eden Prairie MN, 55346

Listing Office:

Realty ONE Group Choice

#6339737

MLS logo
18187 Warbler Ln, Eden Prairie, MN 55346

$294,900

2

1 Full, 1 Partial

1,258 SqFt

18187 Warbler Ln, Eden Prairie MN, 55346

Listing Office:

TheMLSonline.com, Inc.

#6341304

MLS logo
6581 Undestad St, Eden Prairie, MN 55346

$590,000

4

1 Full, 1 Partial

2,247 SqFt

6581 Undestad St, Eden Prairie MN, 55346

Listing Office:

Coldwell Banker Realty

#6332468

MLS logo
7101 Highland Ct, Eden Prairie, MN 55346

$1,500,000

3

1 Full, 1 Partial

3,562 SqFt

7101 Highland Ct, Eden Prairie MN, 55346

Listing Office:

Coldwell Banker Realty

#6330888

MLS logo
17187 Padons Dr, Eden Prairie, MN 55346

$200,000

Land

17187 Padons Dr, Eden Prairie MN, 55346

Listing Office:

Coldwell Banker Realty

#6323383

MLS logo

About 55346, MN

There are 29 homes are for sale in 55346, MN real estate market. The inventory of homes for sale in 55346, MN between January 2023 and February 2023 decreased by 3.3%. In February 2023, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $445,000. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 8.8% more expensive, prices of 2 bedrooms properties went up by 3.9%, prices of 3 bedrooms properties went up by 2.7%, 4 bedrooms properties prices decreased by 1.1%, prices of 5 bedrooms properties went up by 17.7%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 25%, the quantity of 3 bedrooms homes went up by 11.1%, number of 4 bedrooms homes increased by 14.3%, 5 bedrooms homes inventory decreased by 20%. In February 2023 more than 4 listings in 55346, MN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below.

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.

By searching, you agree to the EULA Terms Agreement.

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.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/23/2023, 7:22:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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