55419 Housing Market Report February 2025•Hennepin County, Minnesota

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Housing Prices in 55419, MN

How much do homes in 55419, MN cost?

Housing Market Conditions

Is 55419, 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

55419 is a Seller's Market

Difference Since February 2024

Since last year, 55419 has remained a Seller's Market.

Insight

55419 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.
$477,000$264/SqFt
+$27,100
+6.0%

Based on all homes sold in the last 12 months

Insight

Homes in 55419 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 55419 was $477,000 in February 2025, up 6% from last year, and the median price per square foot was $264.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
55410
+9.9%
55409
+9.6%
55419
+6.0%
55423
+5.9%
55407
+5.3%

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.
BedsFeb 2024Feb 2025Change YoY
1$226.5K$163K
-28.0%
2$322.5K$327.5K
+1.6%
3$429K$446K
+4.0%
4$582.5K$664K
+14.0%
5$915K$753K
-17.7%

Summary: 55419 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -28.0%. The home price for 2 bedroom homes increased by +1.6%. The home price for 3 bedroom homes increased by +4.0%. The home price for 4 bedroom homes increased by +14.0%. The home price for 5 bedroom homes decreased by -17.7%.

How does 55419, MN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

55419, MN

Housing supply in 55419, MN

How many homes are available in 55419, 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
57Last MonthFeb 2025
592 months agoJan 2025
-3.4 %
Change MoMJan – Feb

Summary: The 55419 real estate market had 57 homes for sale in Feb 2025, a 3.4 % decrease compared to Jan 2025.

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
18Last MonthFeb 2025
192 months agoJan 2025
-5.3 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
110
-100.0%
254
-20.0%
32831
+10.7%
41812
-33.3%
5710
+42.9%

Summary: 55419 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes increased by +10.7%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes increased by +42.9%.

Asking Price vs. Sold Price

How much do homes in 55419, 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 Price7 Homes

At Asking Price3 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in 55419, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 55419 in February 2025, down by 5.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and and 39% were sold over asking.

Days on Market for 55419, MN

How long does it take to sell a home in 55419, MN?

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days5 Homes

Over 90 Days3 Homes

Insight

Many homes in 55419 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 18 homes were sold in 55419; 50% of homes were sold within 30 days, 28% 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.
This Year1 year agoChange YoY
44 DaysThis YearFeb 2025
28 Days1 year agoFeb 2024
+55.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 55419 had an average listing age of 44 days in Feb 2025, up by 55.0% compared to the previous year.

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Newest Listings in 55419, MN

What homes are available in 55419, MN?

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Last updated on: 3/12/2025, 9:22:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.