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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55904 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55904 has remained a Seller's Market.

Key Takeaway

55904 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55904, MN cost?

Median Sold Price

$241,527

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$29,686(+14.0%)

Key Takeaway

Homes in 55904 have sold for 14% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $132.2K$100.5K
-24.0%
2 $185K$180K
-2.7%
3 $202.2K$235K
+16.2%
4 $248.5K$290.7K
+17.0%
5+ $399K$449.9K
+12.8%

Median Sold Price Compared To Nearby Zip Codes

55904
+14.0%
55902
+14.0%
55901
+10.7%
55976
+7.3%
55934
+7.2%

How many homes are available in 55904, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
9967-32.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 21
-50.0%
2 2518
-28.0%
3 3723
-37.8%
4 2719
-29.6%
5+ 86
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
4333-23.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55904, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
31 Days30 Days-3.0%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55904 are selling fast, if you're buying plan to act quickly.

About 55904, MN

Number of homes for sale in 55904, MN real estate market have reached 67. In December 2021 in 55904, MN there were 32.3% less homes for sale than in November 2021. While the average time on the market in December 2021 was 30 days, the median list price was $241,527. Listing prices have changed in this real estate market between November 2021 and December 2021: 1 bedroom properties became 24% more cheaper, the cost of 2 bedrooms properties went down by 2.7%, prices of 3 bedrooms properties went up by 16.2%, the cost of 4 bedrooms properties went up by 17%, 5 bedrooms properties became 12.8% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 50% less available, 2 bedrooms homes became 28% less available, volume of 3 bedrooms homes went down by 37.8%, 4 bedrooms homes became 29.6% less available, 5 bedrooms homes became 25% less available. Over 13 listings were sold over their listed price in December 2021 in 55904, MN. In the same period over 13 listings were sold below the listed price and 7 listings were sold for the listed price.