Is 55447, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55447 is a neutral's market

Buyer's
Market

Difference Since February 2022

At the same time last year, 55447 was a Seller's Market.

Key Takeaway

55447 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 55447, MN cost?

Median Sold Price

$438,900

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

-$2,850(-0.6%)

Key Takeaway

Homes in 55447 have sold for 0.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $200K-
N/A
2 $242.5K$261.2K
+7.7%
3 $385K$418K
+8.6%
4 $502K$514.2K
+2.4%
5+ $645K$644.7K
0%

Median Sold Price Compared To Nearby Zip Codes

55441
+9.3%
55442
+8.1%
55446
+5.9%
55447
-0.6%
55305
-1.3%

How many homes are available in 55447, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
4149+19.5%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 1921
+10.5%
3 58
+60.0%
4 1115
+36.4%
5+ 65
-16.7%

Number of Homes Sold

Jan 2023Feb 2023%
107-30.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55447, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
24 Days12 Days-51.2%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55447 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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15710 24th Ave N Unit B, Plymouth, MN 55447

Coming Soon

$250,000

2

1 Full, 1 Partial

1,166 SqFt

15710 24th Ave N Unit B, Plymouth MN, 55447

Listing Office:

Keller Williams Classic Rlty NW

#6344751

MLS logo
15605 26th Ave N Unit B, Plymouth, MN 55447

Coming Soon

$247,500

2

1

1,356 SqFt

15605 26th Ave N Unit B, Plymouth MN, 55447

Listing Office:

Realty Group LLC

#6342323

MLS logo
1812 Yuma Ln N, Plymouth, MN 55447

$252,000

2

1

1,080 SqFt

1812 Yuma Ln N, Plymouth MN, 55447

Listing Office:

Edina Realty, Inc.

#6344723

MLS logo
15045 20th Ave N Unit 0, Plymouth, MN 55447

$339,000

2

1

1,178 SqFt

15045 20th Ave N Unit 0, Plymouth MN, 55447

Listing Office:

Bridge Realty, LLC

#6339505

MLS logo
18500 9th Ave N, Plymouth, MN 55447

$1,799,000

5

3 Full, 1 Partial

5,320 SqFt

18500 9th Ave N, Plymouth MN, 55447

Listing Office:

Keller Williams Premier Realty Lake Minnetonka

#6339240

MLS logo
18115 35th Ave N, Plymouth, MN 55447

$1,035,000

5

2 Full, 1 Partial

4,963 SqFt

18115 35th Ave N, Plymouth MN, 55447

Listing Office:

Edina Realty, Inc.

#6339778

MLS logo
1230 Black Oaks Ln N, Plymouth, MN 55447

$389,900

2

1

1,412 SqFt

1230 Black Oaks Ln N, Plymouth MN, 55447

Listing Office:

Coldwell Banker Realty

#6322990

MLS logo
1224 Archer Ln N, Plymouth, MN 55447

$433,000

2

1

1,572 SqFt

1224 Archer Ln N, Plymouth MN, 55447

Listing Office:

eXp Realty

#6318703

MLS logo
18525 8th Ave N, Plymouth, MN 55447

$3,115,000

5

2 Full, 1 Partial

5,534 SqFt

18525 8th Ave N, Plymouth MN, 55447

Listing Office:

Coldwell Banker Realty

#6311693

MLS logo
80 Jewel Ln N, Plymouth, MN 55447

$515,000

2

1

1,780 SqFt

80 Jewel Ln N, Plymouth MN, 55447

Listing Office:

Coldwell Banker Realty

#6308238

MLS logo
335 Inland Ln N, Plymouth, MN 55447

$945,000

2

1

2,100 SqFt

335 Inland Ln N, Plymouth MN, 55447

Listing Office:

Savvy Avenue, LLC

#6303620

MLS logo
18530 County Road 6, Plymouth, MN 55447

$2,650,000

3

2 Full, 2 Partial

4,553 SqFt

18530 County Road 6, Plymouth MN, 55447

Listing Office:

Coldwell Banker Realty

#6245507

MLS logo

About 55447, MN

55447, MN has 49 homes for sale to choose from. Between January 2023 and February 2023, 55447, MN real estate market has seen increase in the number of listings by 19.5%. While the average time on the market in February 2023 was 12 days, the median list price was $438,900. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 7.7%, prices of 3 bedrooms properties went up by 8.6%, prices of 4 bedrooms properties increased by 2.4%, prices of 5 bedrooms properties stayed the same. This housing market inventory have changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 10.5%, volume of 3 bedrooms homes went up by 60%, 4 bedrooms homes became 36.4% more available, 5 bedrooms homes became 16.7% less available. In February 2023 more than 4 listings in 55447, MN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below.

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

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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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