Is 55904, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 55904 is a neutral's market


Difference Since February 2022

At the same time last year, 55904 was a Seller's Market.

Key Takeaway

55904 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 55904, MN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 55904 have sold for 6.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $120K$165K
2 $182.6K$215K
3 $233K$239.5K
4 $295K$342K
5+ $449.9K$490K

Median Sold Price Compared To Nearby Zip Codes


How many homes are available in 55904, MN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 23
2 1614
3 2928
4 1111
5+ 24

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55904, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Average Sale Time

Feb 2022Feb 2023%
36 Days37 Days+4.6%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55904 has remained consistent over time.

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

About 55904, MN

There are 60 homes are for sale in 55904, MN real estate market. While the average time on the market in February 2023 was 37 days, the median list price was $260,000. 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 37.5%, prices of 2 bedrooms properties went up by 17.7%, 3 bedrooms properties became 2.8% more expensive, the cost of 4 bedrooms properties went up by 15.9%, 5 bedrooms properties became 8.9% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 50%, volume of 2 bedrooms homes went down by 12.5%, number of 3 bedrooms homes decreased by 3.4%, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes increased by 100%. Over 3 listings were sold over their listed price in February 2023 in 55904, MN. In the same period over 2 listings were sold below the listed price and 4 listings were sold for the listed price.