Is 55092, 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, 55092 has remained a Seller's Market.
Housing Prices in 55092, MN
How much do homes in 55092, MN cost?
Median Sold Price
$375,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55092 was $375,000 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 | $196K | $253.7K | +29.5% |
2 Bedrooms | $281K | $301.8K | +7.4% |
3 Bedrooms | $357.5K | $349.8K | -2.1% |
4 Bedrooms | $395K | $401K | +1.5% |
5+ Bedrooms | $440K | $552.7K | +25.6% |
Summary: 55092 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 25.6%.
Housing Supply in 55092, MN
How many homes are available in 55092, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 35 | +25.0% |
Summary: The 55092 real estate market had 35 homes for sale in March 2024, a 25.0% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The 55092 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 decreased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 55092 in March 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 55092, MN
How long does it take to sell a home in 55092, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 55 Days | +213.8% |
Summary: Homes in 55092 had an average of 55 days on market in Mar 2024, up by 213.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 55092; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.