October 2021 housing market update

JP Brooks presents the Taylor plan on the BEST LOT IN TALL PINES, ALMOST FULL ACRE AND HEAVILY TREED, in the desirable Tall Pines neighborhood within walking distance to Westwood Elementary and Maturano Woods Park! Home includes a 4 car garage, 2' additional depth on garage, insulated garage and garage doors. Rough in gas line and venting for furnace in garage, Modern Farmhouse with Luxury master suite, Cedar front porch, farmhouse sink, black garage doors, ship lap fireplace, LVP in living room, quartz counters throughout, large pantry, separate tub and shower in master bathroom, master closet has access to laundry room, master bedroom vault with ceiling fan. Pictures taken from similar model. Finishes may differ. Finished Construction! $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

JP Brooks presents the Modern Farmhouse Preston plan with Luxury master suite on a private walkout lot. Finished lower level in the desirable Marturano Woods neighborhood within walking distance to Westwood Elementary and Marturano Woods Park! Home includes upgraded cabinets, flooring, carpet and SS appliances. Master bedroom is located on the second floor along with 2 more bedrooms and the laundry room. Lower level finished to include bedrooms #4, spacious family rooms and 3/4 bath. Includes many upgrades, finished basement, 4 car garage that is is 2' deeper, front black windows, cedar front porch, dining room bump out, LVP in living room with gas shiplap fireplace, farmhouse sink, granite countertops throughout, main level office upgrade with extra windows, vaulted master suite with ceiling fan, separate tub and shower, tiled shower surround with shampoo niche and double vanity. Pictures taken from a similar model. Finishes may differ. Under construction. To be completed in January o $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

JP Brooks presents the Modern Farmhouse Hampton plan with 4 car garage! All living facilities on the main level. Desirable Marturano Woods neighborhood that is close to all that Zimmerman has to offer! Upgraded cabinets, Farmhouse style kitchen sink, SS appliances,  and granite countertops throughout home. Living room features a centered gas fireplace. Master suite includes a private luxury bath with double vanity, freestanding tub and separate tiled shower. Basement can be finished to include a spacious family room, bedroom #4 & #5, exercise room and 3/4 bath. Pictures taken from a similar plan. Finishes may differ. Home to be built.  Approximate completion February 2022! $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

!!!  NEW ZIMMERMAN DEVELOPMENT !!! 29 lots total, wooded private lots available, many lots back up to pond views, a new park being installed for this new development phase, close to town amenities, a must see! Come pick your lot and floorplan today and start designing your dream home and skip the competition in the market.  This designer series floorplan has signature features from the outside in.  Including custom cabinets, quartz counters throughout, LVP flooring, ceramic shower, enamel millwork, oversized windows and much more!  Appliances, irrigation, sod all included in the package price. Roads are in, come see this great new development today! $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.

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