Is 55068, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 55068 has remained a Seller's Market.
Housing Prices in 55068, MN
How much do homes in 55068, MN cost?
Median Sold Price
$393,083
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55068 was $393,083 in March 2024, up 2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198K | $189.5K | -4.3% |
2 Bedrooms | $275K | $284K | +3.3% |
3 Bedrooms | $350K | $360K | +2.9% |
4 Bedrooms | $467.5K | $486.7K | +4.1% |
5+ Bedrooms | $580K | $580.9K | 0.2% |
Summary: 55068 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in 55068, MN
How many homes are available in 55068, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 197 | +18.7% |
Summary: The 55068 real estate market had 197 homes for sale in March 2024, a 18.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 55 | 69 | +25.5% |
4 Bedrooms | 56 | 63 | +12.5% |
5+ Bedrooms | 30 | 36 | +20.0% |
Summary: The 55068 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 46 | +9.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 55068 in March 2024, up by 9.5% month-over-month. Of the 46 sold homes, 28% were sold under asking, 41% were sold at asking, and 30% were sold over asking.
Days on Market for 55068, MN
How long does it take to sell a home in 55068, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 30 Days | -13.4% |
Summary: Homes in 55068 had an average of 30 days on market in Mar 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in 55068; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.