Is 55449, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55449 is a buyer's market

Buyer's
Market

Difference Since February 2022

At the same time last year, 55449 was a Seller's Market.

Key Takeaway

55449 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 55449, MN cost?

Median Sold Price

$436,933

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$33,183(+8.2%)

Key Takeaway

Homes in 55449 have sold for 8.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $229.9K-
N/A
2 $265K$285K
+7.5%
3 $362K$389.8K
+7.7%
4 $460.5K$495K
+7.5%
5+ $560.5K$590K
+5.3%

Median Sold Price Compared To Nearby Zip Codes

55449
+8.2%
55112
+7.7%
55126
+6.9%
55434
+6.5%
55014
+6.1%

How many homes are available in 55449, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
163213+30.7%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 1718
+5.9%
3 78103
+32.1%
4 4869
+43.8%
5+ 2023
+15.0%

Number of Homes Sold

Jan 2023Feb 2023%
3530-14.3%

Asking Price vs. Sold Price

18 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 55449, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
28 Days45 Days+60.3%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55449 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.

About 55449, MN

55449, MN has 213 homes for sale to choose from. The number of listings in 55449, MN increased by 30.7% between January 2023 and February 2023. In February 2023 median list price was $436,933 and the average listing age was 45 days. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 7.5%, prices of 3 bedrooms properties increased by 7.7%, the cost of 4 bedrooms properties went up by 7.5%, 5 bedrooms properties prices increased by 5.3%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes became 5.9% more available, 3 bedrooms homes became 32.1% more available, the quantity of 4 bedrooms homes went up by 43.8%, 5 bedrooms homes became 15% more available. While more than 7 listings in 55449, MN in February 2023 were sold above asking price, there were more than 5 listings sold at asking price, and more than 18 were sold below.