Is 55347, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55347 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 55347 has remained a Seller's Market.

Key Takeaway

55347 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55347, MN cost?

Median Sold Price

$510,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$22,628(+4.6%)

Key Takeaway

Homes in 55347 have sold for 4.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $215.3K$222.9K
+3.5%
2 $265K$280K
+5.7%
3 $388.9K$417.5K
+7.4%
4 $540K$537.5K
-0.5%
5+ $741K$778.5K
+5.1%

Median Sold Price Compared To Nearby Zip Codes

55438
+6.9%
55344
+6.7%
55346
+6.0%
55347
+4.6%
55317
-0.3%

How many homes are available in 55347, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
7874-5.1%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 10
-100.0%
2 77
0.0%
3 1614
-12.5%
4 3432
-5.9%
5+ 2021
+5.0%

Number of Homes Sold

Jan 2023Feb 2023%
2515-40.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55347, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
29 Days60 Days+102.9%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55347 has remained consistent over time.

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.

Connect With An Agent

Sell your home with an expert or get the job done on your own.

Sell My Home

Get a customizable mortgage solution based on today's rates.

Get Approved
17850 Cascade Dr, Eden Prairie, MN 55347

Coming Soon

$774,900

5

3 Full, 1 Partial

4,895 SqFt

17850 Cascade Dr, Eden Prairie MN, 55347

Listing Office:

Coldwell Banker Realty

#6337872

MLS logo
18785 Pines Way, Eden Prairie, MN 55347

$550,000

2

1 Full, 1 Partial

3,058 SqFt

18785 Pines Way, Eden Prairie MN, 55347

Listing Office:

Edina Realty, Inc.

#6331510

MLS logo
18076 Clear Spring Ln, Eden Prairie, MN 55347

$725,000

4

2 Full, 1 Partial

4,221 SqFt

18076 Clear Spring Ln, Eden Prairie MN, 55347

Listing Office:

RE/MAX Results

#6336790

MLS logo
18136 Overland Trl, Eden Prairie, MN 55347

Coming Soon

$1,175,000

5

2 Full, 1 Partial

4,720 SqFt

18136 Overland Trl, Eden Prairie MN, 55347

Listing Office:

RE/MAX Advantage Plus

#6340440

MLS logo
10002 Gentian Dr, Eden Prairie, MN 55347

$400,000

3

2 Full, 1 Partial

2,379 SqFt

10002 Gentian Dr, Eden Prairie MN, 55347

Listing Office:

Coldwell Banker Realty

#6344319

MLS logo
15596 Lilac Dr, Eden Prairie, MN 55347

Coming Soon

$464,000

4

3 Full, 1 Partial

2,760 SqFt

15596 Lilac Dr, Eden Prairie MN, 55347

Listing Office:

Bridge Realty, LLC

#6345753

MLS logo
11620 Riverview Rd, Eden Prairie, MN 55347

Coming Soon

$474,900

5

1

2,581 SqFt

11620 Riverview Rd, Eden Prairie MN, 55347

Listing Office:

Coldwell Banker Realty

#6342614

MLS logo
9976 Vervain Dr, Eden Prairie, MN 55347

$410,000

3

2 Full, 2 Partial

2,379 SqFt

9976 Vervain Dr, Eden Prairie MN, 55347

Listing Office:

Edina Realty, Inc.

#6343052

MLS logo
15584 Crabapple Ln, Eden Prairie, MN 55347

$464,900

3

3 Full, 1 Partial

2,509 SqFt

15584 Crabapple Ln, Eden Prairie MN, 55347

Listing Office:

Reality Broker LLC

#6345840

MLS logo
9725 Pallisades Cir, Eden Prairie, MN 55347

$455,000

3

2

1,889 SqFt

9725 Pallisades Cir, Eden Prairie MN, 55347

Listing Office:

Coldwell Banker Realty

#6345397

MLS logo
12302 Riverview Rd, Eden Prairie, MN 55347

$849,900

3

2 Full, 2 Partial

3,679 SqFt

12302 Riverview Rd, Eden Prairie MN, 55347

Listing Office:

Counselor Realty, Inc

#6345688

MLS logo
9665 Jonathan Ln, Eden Prairie, MN 55347

Coming Soon

$799,000

4

2 Full, 1 Partial

4,371 SqFt

9665 Jonathan Ln, Eden Prairie MN, 55347

Listing Office:

Prudden & Company

#6343505

MLS logo

About 55347, MN

55347, MN has 74 homes for sale to choose from. Between January 2023 and February 2023, 55347, MN real estate market has seen decrease in the number of listings by 5.1%. The median list price of listings available in February 2023 was $510,000, while the average time on the real estate market was 60 days. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 3.5%, 2 bedrooms properties prices increased by 5.7%, the cost of 3 bedrooms properties went up by 7.4%, the cost of 4 bedrooms properties went down by 0.5%, prices of 5 bedrooms properties increased by 5.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 100%, 2 bedrooms homes did not move, 3 bedrooms homes became 12.5% less available, the quantity of 4 bedrooms homes went down by 5.9%, number of 5 bedrooms homes increased by 5%. In February 2023 more than 5 listings in 55347, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 8 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: 3/28/2023, 11:22:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Popular Cities with Homes for Sale in Minnesota