Is 55404, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55404 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55404 has remained a Seller's Market.

Key Takeaway

55404 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55404, MN cost?

Median Sold Price

$246,500

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$17,500(+7.6%)

Key Takeaway

Homes in 55404 have sold for 7.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $205.7K$176.7K
-14.1%
2 $289K$270K
-6.6%
3 $265K$253.1K
-4.5%
4 $245K$285K
+16.3%
5+ $248.9K$569.5K
+128.8%

Median Sold Price Compared To Nearby Zip Codes

55404
+7.6%
55454
+6.0%
55415
-8.7%

How many homes are available in 55404, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
7374+1.4%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 2529
+16.0%
2 2625
-3.8%
3 1412
-14.3%
4 45
+25.0%
5+ 43
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
13130.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55404, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
33 Days44 Days+32.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55404 has remained consistent over time.

About 55404, MN

55404, MN has 74 homes for sale to choose from. In December 2021 in 55404, MN there were 1.4% more homes for sale than in November 2021. In December 2021, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $246,500. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties decreased by 14.1%, prices of 2 bedrooms properties decreased by 6.6%, prices of 3 bedrooms properties went down by 4.5%, prices of 4 bedrooms properties went up by 16.3%, prices of 5 bedrooms properties increased by 128.8%. Volume of homes for sale changed: volume of 1 bedroom homes went up by 16%, 2 bedrooms homes became 3.8% less available, the quantity of 3 bedrooms homes went down by 14.3%, volume of 4 bedrooms homes went up by 25%, number of 5 bedrooms homes decreased by 25%. While more than 1 listings in 55404, MN in December 2021 were sold above asking price, there were more than 6 listings sold at asking price, and more than 6 were sold below.