Is 55425, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55425 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55425 has remained a Seller's Market.

Key Takeaway

55425 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55425, MN cost?

Median Sold Price

$303,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$27,000(+9.8%)

Key Takeaway

Homes in 55425 have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $242.5K$235.9K
-2.7%
2 $250K$272.5K
+9.0%
3 $276K$315K
+14.1%
4 $318.7K$345K
+8.3%
5+ $359.9K$365K
+1.4%

Median Sold Price Compared To Nearby Zip Codes

55420
+11.7%
55425
+9.8%
55122
+8.0%

How many homes are available in 55425, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
3226-18.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 108
-20.0%
2 87
-12.5%
3 119
-18.2%
4 32
-33.3%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
1011+10.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55425, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
7 Days25 Days+236.2%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55425 are selling fast, if you're buying plan to act quickly.

About 55425, MN

Homes for sale in 55425, MN have reached 26. In December 2021 in 55425, MN there were 18.8% less homes for sale than in November 2021. In December 2021, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $303,000. Listing prices have changed in this real estate market between November 2021 and December 2021: 1 bedroom properties prices decreased by 2.7%, prices of 2 bedrooms properties increased by 9%, 3 bedrooms properties prices increased by 14.1%, prices of 4 bedrooms properties increased by 8.3%, the cost of 5 bedrooms properties went up by 1.4%. This housing market inventory have changed: 1 bedroom homes became 20% less available, volume of 2 bedrooms homes went down by 12.5%, volume of 3 bedrooms homes went down by 18.2%, number of 4 bedrooms homes decreased by 33.3%, 5 bedrooms homes inventory did not change. Over 3 listings were sold over their listed price in December 2021 in 55425, MN. In the same period over 7 listings were sold below the listed price and 1 listings were sold for the listed price.