Is 55419, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55419 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 55419 has remained a Seller's Market.

Key Takeaway

55419 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55419, MN cost?

Median Sold Price

$450,750

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

-$1,416(-0.3%)

Key Takeaway

The sold price of homes in 55419 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $157.5K$188.1K
+19.4%
2 $295K$329K
+11.5%
3 $435K$425K
-2.3%
4 $551K$588.5K
+6.8%
5+ $795K$700K
-11.9%

Median Sold Price Compared To Nearby Zip Codes

55410
+5.7%
55409
+4.5%
55423
+3.1%
55407
0.5%
55419
-0.3%

How many homes are available in 55419, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
6466+3.1%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 01
+100.0%
2 65
-16.7%
3 2831
+10.7%
4 2321
-8.7%
5+ 78
+14.3%

Number of Homes Sold

Jan 2023Feb 2023%
1528+86.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55419, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
40 Days66 Days+64.7%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55419 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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5704 Harriet Ave, Minneapolis, MN 55419

Coming Soon

$475,000

3

1

2,009 SqFt

5704 Harriet Ave, Minneapolis MN, 55419

Listing Office:

Keller Williams Integrity Realty

#6342533

MLS logo
1014 53rd St, Minneapolis, MN 55419

Coming Soon

$699,000

3

1

2,467 SqFt

1014 53rd St, Minneapolis MN, 55419

Listing Office:

Edina Realty, Inc.

#6331318

MLS logo
4615 Aldrich Ave S, Minneapolis, MN 55419

Coming Soon

$535,000

4

1

2,075 SqFt

4615 Aldrich Ave S, Minneapolis MN, 55419

Listing Office:

Move it Real Estate Group/Lakehomes.com

#6344964

MLS logo
5813 Morgan Ave S, Minneapolis, MN 55419

Coming Soon

$550,000

3

1

1,876 SqFt

5813 Morgan Ave S, Minneapolis MN, 55419

Listing Office:

Edina Realty, Inc.

#6342184

MLS logo
5657 Girard Ave S, Minneapolis, MN 55419

Coming Soon

$375,000

3

1

1,686 SqFt

5657 Girard Ave S, Minneapolis MN, 55419

Listing Office:

Fox Realty

#6338080

MLS logo
4530 Wentworth Ave, Minneapolis, MN 55419

Coming Soon

$325,000

2

1

1,146 SqFt

4530 Wentworth Ave, Minneapolis MN, 55419

Listing Office:

Keller Williams Integrity NW

#6332652

MLS logo
6052 Dupont Ave S, Minneapolis, MN 55419

Coming Soon

$375,000

2

2

2,327 SqFt

6052 Dupont Ave S, Minneapolis MN, 55419

Listing Office:

Kris Lindahl Real Estate

#6340127

MLS logo
118 Rustic Ldg W, Minneapolis, MN 55419

$640,000

4

1 Full, 2 Partial

2,700 SqFt

118 Rustic Ldg W, Minneapolis MN, 55419

Listing Office:

RE/MAX Results

#6340490

MLS logo
326 Minnehaha Pkwy, Minneapolis, MN 55419

$900,000

4

3

2,809 SqFt

326 Minnehaha Pkwy, Minneapolis MN, 55419

Listing Office:

Edina Realty, Inc.

#6332809

MLS logo
5612 Emerson Ave S, Minneapolis, MN 55419

$765,000

5

2

2,902 SqFt

5612 Emerson Ave S, Minneapolis MN, 55419

Listing Office:

RE/MAX Advantage Plus

#6336259

MLS logo
5219 Clinton Ave S, Minneapolis, MN 55419

$1,050,000

5

3 Full, 1 Partial

3,223 SqFt

5219 Clinton Ave S, Minneapolis MN, 55419

Listing Office:

Homefield Realty

#6333919

MLS logo
2115 52nd St, Minneapolis, MN 55419

$1,999,000

5

3 Full, 1 Partial

5,300 SqFt

2115 52nd St, Minneapolis MN, 55419

Listing Office:

Edina Realty, Inc.

#6313124

MLS logo

About 55419, MN

Number of homes for sale in 55419, MN real estate market have reached 66. The inventory of homes for sale in 55419, MN between January 2023 and February 2023 increased by 3.1%. While the average time on the market in February 2023 was 66 days, the median list price was $450,750. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 19.4% more expensive, prices of 2 bedrooms properties went up by 11.5%, the cost of 3 bedrooms properties went down by 2.3%, the cost of 4 bedrooms properties went up by 6.8%, prices of 5 bedrooms properties decreased by 11.9%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 100%, 2 bedrooms homes became 16.7% less available, 3 bedrooms homes became 10.7% more available, 4 bedrooms homes inventory decreased by 8.7%, 5 bedrooms homes inventory increased by 14.3%. Over 7 listings were sold over their listed price in February 2023 in 55419, MN. In the same period over 16 listings were sold below the listed price and 5 listings were sold for the listed price.

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.

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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.

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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, 12:52:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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