55016 Home Values & Market Trends

There are 59 homes currently listed for 55016. 55016 real estate market trends show that home prices range from $189,900 to $2,700,000, and the median sales price in the 55016 zip code is $365,148.83. The total number of properties sold within the past twelve months is 604. In 55016, 20 properties are in foreclosure, 4 are bank owned properties,and 16 are headed for auction.

Housing Market Summary for 55016

Apr 2023March 2024Change
Median Listing Price$370K$355.5K-3.92%
Median Sold Price$349.9K$355.5K1.60%
Homes For Sale4339-9.30%
Homes Sold2763029.42%
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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 55016

The median list price of a home in Cottage Grove, is $365,148.83. A total of 59 properties are for sale, and the percentage of properties for sale in the zip code is 59.00%. The total count of 55016 properties is 12,957.

Foreclosure
There is 1 cities within 55016; within this cities, the median estimated home value for homes in foreclosure ranges from $572,250 in cottage grove to the lowest value of $266,000 in cottage grove. Foreclosure homes account for 0.00% of properties in 55016 with cottage grove containing 20 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 55016 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 55016; of that 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 55016 ranges from the highest value of $508,408 in cottage grove to the lowest value of $280,755 in cottage grove. Bank owned homes and properties account for 0.03% of properties in 55016. There is 1 cities within 55016; cottage grove containing 4 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    cottage grove has 16 auction properties, the highest number of properties going to auction in a single city in the state of 55016. Auction homes and other auction properties account for 0.12% of all properties in 55016. There is 1 cities within 55016; of that cities, the median estimated home value for homes going to auction ranges from $572,250 in cottage grove to the lowest value of $266,000 in cottage grove.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.46% of residential properties in 55016 with cottage grove containing 59 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 55016; homes for sale in that cities, have a range of median values from $825,406 in cottage grove to the lowest value of $212,500 in cottage grove.
    Sold Homes
    The median value for recently sold homes ranges from $1,236,274 in cottage grove to the lowest price of $115,161 in cottage grove. There is 1 cities within 55016. cottage grove has 329 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.54% of properties in 55016.

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      Guide for 55016

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      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.

      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.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.