April 2024

55454 Housing Market Report Minneapolis, Hennepin County, Minnesota

Report Updated 2 Days Ago

Housing Prices in 55454, MN

How much do homes in 55454, MN cost?

Median List Price

$176,950

$170/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

-$2,950(-1.6%)

Key Takeaway

The list price of homes in 55454 has decreased by 1.6% since last year.

Summary: The median home list price in 55454 was $176,950 in April 2024, down 1.6% from the previous year, and the median price per square foot was $170.

Median List Price By Bedroom Count

# BEDS# BEDROOMS	Apr 2023	Apr 2024	CHANGE
1 Bedroom	$132K	$135K	+2.3%
2 Bedrooms	$185K	$179.4K	-3.0%
3 Bedrooms	$249.9K	-	N/A
4 Bedrooms	$335K	$335K	0.0%
5+ Bedrooms	-	-	N/A

Summary: 55454 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

ZIP	Apr 2023	Apr 2024	CHANGE
55415	$445K	$469.9K	+5.6%
55401	$368.3K	$381.6K	+3.6%
55414	$350K	$350K	0.0%
55454	$179.9K	$176.9K	-1.6%

Housing Supply in 55454, MN

How many homes are available in 55454, MN?

Number of Homes For Sale

Mar 2024	Apr 2024	CHANGE
11	11	0.0%

Summary: The 55454 real estate market had 11 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Mar 2024	Apr 2024	CHANGE
1 Bedroom	5	5	0.0%
2 Bedrooms	6	6	0.0%
3 Bedrooms	0	0	0.0%
4 Bedrooms	0	0	0.0%
5+ Bedrooms	0	0	0.0%

Summary: The 55454 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 55454, MN

How long does it take to sell a home in 55454, MN?

Average Listing Age

Apr 2023	Apr 2024	CHANGE
134 Days	102 Days	-23.6%

Summary: Homes in 55454 had an average listing age of 102 days in Apr 2024, down by 23.6% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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Newest Listings in 55454, MN

What homes are available in 55454, MN?

See More Listings

$159,500

$1,894 Closing Credit

1,140 SqFt

1920 1st St Unit 509, Minneapolis MN, 55454

Listing Office:

RE/MAX Results

$425,000

$5,047 Closing Credit

1,731 SqFt

2602 8th St, Minneapolis MN, 55454

Listing Office:

Edina Realty, Inc.

$189,900

$2,255 Closing Credit

1,100 SqFt

1920 1st St Unit 906, Minneapolis MN, 55454

Listing Office:

DRG

$179,900

$2,136 Closing Credit

1,140 SqFt

1920 1st St Unit 1904, Minneapolis MN, 55454

Listing Office:

Realty Group LLC

$179,000

$2,126 Closing Credit

1,084 SqFt

1920 1st St Unit 1204, Minneapolis MN, 55454

Listing Office:

Keller Williams Premier Realty Lake Minnetonka

$129,500

$1,538 Closing Credit

Studio

590 SqFt

1920 1st St Unit 1405, Minneapolis MN, 55454

Listing Office:

eXp Realty

$189,000

$2,244 Closing Credit

1,100 SqFt

1920 1st St Unit 1603, Minneapolis MN, 55454

Listing Office:

RE/MAX Results

$208,000

$2,470 Closing Credit

1,110 SqFt

1920 1st St Unit 206, Minneapolis MN, 55454

Listing Office:

RE/MAX Results

$215,000

$2,553 Closing Credit

1,140 SqFt

1920 1st St Unit 409, Minneapolis MN, 55454

Listing Office:

RE/MAX Advantage Plus

$172,000

$2,043 Closing Credit

1,100 SqFt

1920 1st St Unit 1606, Minneapolis MN, 55454

Listing Office:

Coldwell Banker Realty

$135,000

$1,603 Closing Credit

650 SqFt

1920 1st St Unit 2007, Minneapolis MN, 55454

Listing Office:

Keller Williams Integrity Realty

Nearby Markets to 55454, MN

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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 05/01/2022 - 05/01/2024

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Last updated on: 5/3/2024, 12:52:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.