55430 Housing Market Report January 2025•Hennepin County, Minnesota

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Housing Prices in 55430, MN

How much do homes in 55430, MN cost?

Housing Market Conditions

Is 55430, 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

55430 is a Neutral Market

Difference Since January 2024

At the same time last year, 55430 was a Seller's Market.

Insight

55430 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$270,000$172/SqFt
+$100
0.0%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in 55430 has remained the same since last year.

Summary: The median home sold price in 55430 was $270,000 in January 2025, the same as last year, and the median price per square foot was $172.

Median Sold Price By City

Median Sold Price By City
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
55412
+6.3%
55429
+5.0%
55421
+1.8%
55432
0.0%
55430
0.0%

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.
BedsJan 2024Jan 2025Change YoY
1$137K$170K
+24.1%
2$219K$219.9K
0.4%
3$270.2K$261.1K
-3.3%
4$303.8K$310K
+2.0%
5$325K$337.5K
+3.8%

Summary: 55430 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +24.1%. The home price for 2 bedroom homes increased by 0.4%. The home price for 3 bedroom homes decreased by -3.3%. The home price for 4 bedroom homes increased by +2.0%. The home price for 5 bedroom homes increased by +3.8%.

Housing supply in 55430, MN

How many homes are available in 55430, 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
47Last MonthJan 2025
492 months agoDec 2024
-4.1 %
Change MoMDec – Jan

Summary: The 55430 real estate market had 47 homes for sale in Jan 2025, a 4.1 % decrease 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
7Last MonthJan 2025
212 months agoDec 2024
-66.7 %
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
111
0.0%
2119
-18.2%
32622
-15.4%
4810
+25.0%
535
+66.7%

Summary: 55430 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -18.2%. The inventory for 3 bedroom homes decreased by -15.4%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes increased by +66.7%.

Asking Price vs. Sold Price

How much do homes in 55430, 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 Price4 Homes

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in 55430, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 55430 in January 2025, down by 66.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and and 57% were sold over asking.

Days on Market for 55430, MN

How long does it take to sell a home in 55430, MN?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in 55430 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 7 homes were sold in 55430; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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
31 DaysThis YearJan 2025
58 Days1 year agoJan 2024
-46.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 55430 had an average listing age of 31 days in Jan 2025, down by 46.1% compared to the previous year.

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Newest Listings in 55430, MN

What homes are available in 55430, MN?

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Last updated on: 2/2/2025, 9:22:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.