Is 55072, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 55072 was a Seller's Market.
Key Takeaway
55072 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55072, MN
How much do homes in 55072, MN cost?
Median Sold Price
$192,250
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 55072 has remained the same since last year.
Summary: The median home sold price in 55072 was $192,250 in April 2024, up 0.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.4K | $120K | +21.9% |
| 2 Bedrooms | $190K | $132.5K | -30.2% |
| 3 Bedrooms | $197.5K | $258K | +30.6% |
| 4 Bedrooms | $181.5K | $189.5K | +4.4% |
| 5+ Bedrooms | $241.7K | - | N/A |
Summary: 55072 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes decreased by 30.2%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55735 | $284.9K | $361K | +26.7% |
| 55072 | $192K | $192.2K | 0.1% |
Housing Supply in 55072, MN
How many homes are available in 55072, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The 55072 real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 55072 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55072, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55072 in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 55072, MN
How long does it take to sell a home in 55072, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 111 Days | 82 Days | -26.1% |
Summary: Homes in 55072 had an average of 82 days on market in Apr 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55072 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 55072; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
