Is 55415, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 55415 has remained a Seller's Market.
Housing Prices in 55415, MN
How much do homes in 55415, MN cost?
Median Sold Price
$460,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55415 was $460,000 in March 2024, up 5.6% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.5K | $140.5K | -6.0% |
2 Bedrooms | $460K | $542.2K | +17.9% |
3 Bedrooms | $800K | $837.5K | +4.7% |
4 Bedrooms | $1.6M | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 55415 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 55415, MN
How many homes are available in 55415, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 63 | +28.6% |
Summary: The 55415 real estate market had 63 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 17 | +41.7% |
2 Bedrooms | 33 | 40 | +21.2% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55415 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 11 | +450.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 55415 in March 2024, up by 450.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for 55415, MN
How long does it take to sell a home in 55415, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
98 Days | 79 Days | -18.6% |
Summary: Homes in 55415 had an average of 79 days on market in Mar 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 55415; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.