Is 55076, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, 55076 has remained a Seller's Market.
Key Takeaway
55076 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 55076, MN cost?
Median Sold Price
$295,986
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$16,927(+6.1%)
Key Takeaway
Homes in 55076 have sold for 6.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $201.8K | - | N/A |
| 2 Bedrooms | $240K | $251K | +4.6% |
| 3 Bedrooms | $298.6K | $320K | +7.2% |
| 4 Bedrooms | $383K | $390.5K | +2.0% |
| 5+ Bedrooms | $460K | $538K | +17.0% |
How many homes are available in 55076, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 68 | 79 | +16.2% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 30 | 37 | +23.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55076, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 16 Days | 26 Days | +63.4% |
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55076 are selling fast, if you're buying plan to act quickly.
