55416 Home Values & Market Trends
There are 56 homes currently listed for 55416. 55416 real estate market trends show that home prices range from $125,000 to $4,495,000, and the median sales price in the 55416 zip code is $413,859.44. The total number of properties sold within the past twelve months is 558. In 55416, 8 properties are in foreclosure, 2 are bank owned properties,and 6 are headed for auction.
55416 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Minneapolis | $ 306,871 $ 201/sqft | Minneapolis | $ 306,871 $ 201/sqft |
Housing Market Summary for 55416
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $465K | $435K | -6.45% |
| Median Sold Price | $411.8K | $435K | 5.63% |
| Homes For Sale | 43 | 51 | 18.60% |
| Homes Sold | 273 | 297 | 8.79% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 55416
Browse Homes in 55416
The median list price of a home in Minneapolis, is $413,859.44. A total of 56 properties are for sale, and the percentage of properties for sale in the zip code is 56.00%. The total count of 55416 properties is 10,042.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 55416 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 2 cities within 55416; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 55416 ranges from the highest value of $481,824 in minneapolis to the lowest value of $89,683 in minneapolis. Bank owned homes and properties account for 0.02% of properties in 55416. There are 2 cities within 55416; minneapolis containing 31 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsminneapolis has 204 auction properties, the highest number of properties going to auction in a single city in the state of 55416. Auction homes and other auction properties account for 0.06% of all properties in 55416. There are 2 cities within 55416; of those cities, the median estimated home value for homes going to auction ranges from $1,195,966 in minneapolis to the lowest value of $43,000 in minneapolis.
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More Real Estate Resources for 55416
Guide for 55416
The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.
Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.