Is 55302, 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, 55302 was a Seller's Market.
Housing Prices in 55302, MN
How much do homes in 55302, MN cost?
Median Sold Price
$378,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55302 was $378,000 in April 2024, up 6.5% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $575K | +98.3% |
2 Bedrooms | $350K | $420K | +20.0% |
3 Bedrooms | $325K | $350K | +7.7% |
4 Bedrooms | $354.9K | $360K | +1.4% |
5+ Bedrooms | $499.9K | $499.2K | -0.1% |
Summary: 55302 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in 55302, MN
How many homes are available in 55302, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 39 | +50.0% |
Summary: The 55302 real estate market had 39 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 6 | 12 | +100.0% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 0 | 6 | +100.0% |
Summary: The 55302 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 increased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 55302 in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 55302, MN
How long does it take to sell a home in 55302, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
135 Days | 52 Days | -61.5% |
Summary: Homes in 55302 had an average of 52 days on market in Apr 2024, down by 61.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 55302; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.