Is 55411, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55411 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55411 has remained a Seller's Market.

Key Takeaway

55411 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55411, MN cost?

Median Sold Price

$230,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$15,016(+7.0%)

Key Takeaway

Homes in 55411 have sold for 7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $159.9K$195K
+21.9%
3 $215K$230K
+7.0%
4 $238.5K$246.5K
+3.4%
5+ $245K$260K
+6.1%

Median Sold Price Compared To Nearby Zip Codes

55405
+15.4%
55412
+11.0%
55422
+7.2%
55411
+7.0%
55401
0.0%

How many homes are available in 55411, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
1171170.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 22
0.0%
2 1719
+11.8%
3 5152
+2.0%
4 3533
-5.7%
5+ 1211
-8.3%

Number of Homes Sold

Nov 2021Dec 2021%
2234+54.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55411, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
25 Days43 Days+70.9%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55411 are selling fast, if you're buying plan to act quickly.

About 55411, MN

55411, MN has 117 homes for sale to choose from. Listings spent 43 days on the market in December 2021, and had a median list price of $230,000 during the same period. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 21.9%, 3 bedrooms properties prices increased by 7%, 4 bedrooms properties became 3.4% more expensive, the cost of 5 bedrooms properties went up by 6.1%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 11.8%, volume of 3 bedrooms homes went up by 2%, the quantity of 4 bedrooms homes went down by 5.7%, 5 bedrooms homes became 8.3% less available. 55411, MN housing market in December 2021 saw over 8 listings sold above listed price, more than 8 sold at listed price and over 18 sold below.