55420 Home Values & Market Trends

There are 23 homes currently listed for 55420. 55420 real estate market trends show that home prices range from $150,000 to $437,000, and the median sales price in the 55420 zip code is $312,368.14. The total number of properties sold within the past twelve months is 289. In 55420, 7 properties are in foreclosure, 1 are bank owned properties,and 6 are headed for auction.

55420 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Minneapolis

$ 306,871

$ 201/sqft

Minneapolis

$ 306,871

$ 201/sqft

Housing Market Summary for 55420

Apr 2023March 2024Change
Median Listing Price$307.5K$309.1K0.52%
Median Sold Price$320.5K$309.1K-3.55%
Homes For Sale2420-16.67%
Homes Sold156132-15.38%
Price
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Homes For Sale
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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%.

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Browse Homes in 55420

The median list price of a home in Minneapolis, is $312,368.14. A total of 23 properties are for sale, and the percentage of properties for sale in the zip code is 23.00%. The total count of 55420 properties is 6,392.

Foreclosure
There are 2 cities within 55420; within these cities, the median estimated home value for homes in foreclosure ranges from $1,195,966 in minneapolis to the lowest value of $43,000 in minneapolis. Foreclosure homes account for 0.00% of properties in 55420 with minneapolis containing 243 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 55420 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 55420; 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 Owned
    The median estimated home value of bank owned homes (REO properties) in 55420 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 55420. There are 2 cities within 55420; minneapolis containing 32 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    minneapolis has 211 auction properties, the highest number of properties going to auction in a single city in the state of 55420. Auction homes and other auction properties account for 0.09% of all properties in 55420. There are 2 cities within 55420; 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.36% of residential properties in 55420 with minneapolis containing 746 homes for sale, the highest number of listed properties in a single city. There are 2 cities within 55420; homes for sale in those cities, have a range of median values from $4,360,318 in minneapolis to the lowest value of $43,722 in minneapolis.
    Sold Homes
    The median value for recently sold homes ranges from $4,832,730 in minneapolis to the lowest price of $29,462 in minneapolis. There are 2 cities within 55420. minneapolis has 3982 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.27% of properties in 55420.

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      Guide for 55420

      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      See More Articles
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      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.

      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      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.

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Recently Listed Homes 55420

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