October 2021 housing market update
$524,900
Active
26061 24th Street W Zimmerman, Minnesota
4 Beds 3 Baths 2,147 SqFt 0.980 Acres
Listing courtesy of JP Willman Realty Twin Cities
$469,900
Active
25539 24th Street W Zimmerman, Minnesota
4 Beds 4 Baths 2,783 SqFt 0.540 Acres
Listing courtesy of JP Willman Realty Twin Cities
$464,900
Active
13954 9th Avenue S Zimmerman, Minnesota
3 Beds 2 Baths 1,704 SqFt 0.460 Acres
Listing courtesy of JP Willman Realty Twin Cities
$459,900
Active
XXXX 8th Street N Zimmerman, Minnesota
3 Beds 2 Baths 1,672 SqFt 0.300 Acres
Listing courtesy of Realty Group LLC
How Zimmerman Housing compares to the rest of the metro
Histograms use U.S. Census data to show where Zimmerman Housing falls in relation to other cities in the 13-county metro area on key housing and income measures.
Median value of owner-occupied homes
Most metro cities have a median home value of about $250,000. The median home value in 2020 2021 + / – 2020 2021 + / –
New Listings 37 29 -21.6% 366 315 -13.9%
Closed Sales 40 46 + 15.0% 264 281 + 6.4%
Median Sales Price* $277,693 $303,500 + 9.3% $280,193 $324,680 + 15.9%
Average Sales Price* $298,388 $318,492 + 6.7% $301,072 $332,978 + 10.6%
Price Per Square Foot* $162 $178 + 9.6% AVG $153 $175 + 14.5%
Percent of Original List Price Received* 101.3% AVG 102.3% + 1.0% 100.6% 103.4% + 2.8%
Days on Market Until Sale 29 AVG 13 -55.2% 41 16 -61.0%
Inventory of Homes for Sale 45 AVG 35 -22.2% — — —
Months Supply of Inventory 1.4 AVG 1.1 -21.4% — — —
Local Market Update – September 2021 A RESEARCH TOOL PROVIDED BY THE SAINT PAUL AREA ASSOCIATION OF REALTORS®
Inventory- 21.6%
Pendings + 15.0%
Closed + 9.3%
Year to Date
Zimmerman
Percent owner-occupied homes
In most metro cities, the housing stock is dominated by owner-occupied homes with a relatively smaller share of rental units. In Zimmerman, about 82% of the housing units are owner-occupied.
Housing Percent cost-burdened owners
Households that spend 30% or more of their income on housing costs are considered “cost-burdened.” In some metro cities, as much as 27% of homeowners are cost-burdened. In Zimmerman, about 17% of homeowners are cost-burdened.
Median household income
There are cities in the metro that have median household incomes as low as $36,000 or as high as $250,000. The median household income in Zimmerman is $77,222.
Diann Lake
The Sand Dunes State Forest
Sherburne
