55413 Housing Market Report January 2025•Hennepin County, Minnesota

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Housing Prices in 55413, MN

How much do homes in 55413, MN cost?

Housing Market Conditions

Is 55413, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

55413 is a Seller's Market

Difference Since December 2024

Last month, 55413 has remained a Seller's Market.

Insight

55413 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$354,950$226/SqFt
+$129,950
+57.8%

Based on all homes sold in January 2025

Insight

Homes in 55413 have sold for 57.8% more than they did a month ago.

Summary: The median home sold price in 55413 was $354,950 in January 2025, up 57.8% from last month, and the median price per square foot was $226.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1$217K$216.9K
0.0%
2$212.1K$185K
-12.8%
3$230K$359.9K
+56.5%
4$418.3K-
N/A
5-$515K
N/A

Summary: 55413 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by 0.0%. The home price for 2 bedroom homes decreased by -12.8%. The home price for 3 bedroom homes increased by +56.5%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 55413, MN

How many homes are available in 55413, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
30Last MonthJan 2025
282 months agoDec 2024
+7.1 %
Change MoMDec – Jan

Summary: The 55413 real estate market had 30 homes for sale in Jan 2025, a 7.1 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthJan 2025
72 months agoDec 2024
-14.3 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
168
+33.3%
21311
-15.4%
379
+28.6%
411
0.0%
511
0.0%

Summary: 55413 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes decreased by -15.4%. The inventory for 3 bedroom homes increased by +28.6%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 55413, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price5 Homes

Insight

If you're buying a home in 55413, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 55413 in January 2025, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and and 0% were sold over asking.

Days on Market for 55413, MN

How long does it take to sell a home in 55413, MN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days5 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in 55413 has remained consistent over time.

Summary: During January 2025, 6 homes were sold in 55413; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
56 DaysLast MonthJan 2025
33 Days1 month agoDec 2024
+69.7 %
Change MoMDec – Jan

Summary: Homes in 55413 had an average listing age of 56 days in Jan 2025, up by 69.7% compared to the previous month.

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Newest Listings in 55413, MN

What homes are available in 55413, MN?

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Last updated on: 2/2/2025, 11:52:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.