55929 Housing Market Report January 2025•Olmsted County, Minnesota

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Housing Prices in 55929, MN

How much do homes in 55929, MN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$349,900$163/SqFt
+$24,900
+7.7%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 55929 has increased by 7.7% since last year.

Summary: The median home list price in 55929 was $349,900 in January 2025, up 7.7% from the previous year, and the median price per square foot was $163.

Median List Price By City

Median List 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
55929
+7.7%
55923
+6.6%
55972
+1.4%
55934
-0.7%
55964
-6.5%

Median List Price By Bedrooms

Median List 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--
N/A
2$174.9K-
N/A
3$379.7K$264.4K
-30.4%
4$342.4K$354.9K
+3.6%
5-$439.9K
N/A

Summary: 55929 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -30.4%. The home price for 4 bedroom homes increased by +3.6%. The home price for 5 bedroom homes did not change.

Housing supply in 55929, MN

How many homes are available in 55929, 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
1Last MonthJan 2025
22 months agoDec 2024
-50.0 %
Change MoMDec – Jan

Summary: The 55929 real estate market had 1 homes for sale in Jan 2025, a 50.0 % decrease compared to Dec 2024.

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
100
0.0%
200
0.0%
300
0.0%
411
0.0%
510
-100.0%

Summary: 55929 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 remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -100.0%.

Days on Market for 55929, MN

How long does it take to sell a home in 55929, MN?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
79 DaysThis YearJan 2025
148 Days1 year agoJan 2024
-46.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 55929 had an average listing age of 79 days in Jan 2025, down by 46.6% compared to the previous year.

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Newest Listings in 55929, MN

What homes are available in 55929, MN?

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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 02/01/2023 - 02/01/2025

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Last updated on: 2/1/2025, 6:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.