Is 55076, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 55076 has remained a Seller's Market.
Housing Prices in 55076, MN
How much do homes in 55076, MN cost?
Median Sold Price
$310,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 55076 was $310,500 in February 2024, up 5.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160.3K | N/A |
2 Bedrooms | $250.5K | $260.7K | +4.1% |
3 Bedrooms | $320K | $315K | -1.6% |
4 Bedrooms | $390.5K | $415.5K | +6.4% |
5+ Bedrooms | $538K | $618.5K | +15.0% |
Summary: 55076 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 15%.
Housing Supply in 55076, MN
How many homes are available in 55076, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 54 | +14.9% |
Summary: The 55076 real estate market had 54 homes for sale in February 2024, a 14.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 19 | +35.7% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 55076 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 55076 in February 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for 55076, MN
How long does it take to sell a home in 55076, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
24 Days | 28 Days | +14.3% |
Summary: Homes in 55076 had an average of 28 days on market in Feb 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 11 homes were sold in 55076; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.