Is 55303, 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, 55303 has remained a Seller's Market.
Housing Prices in 55303, MN
How much do homes in 55303, MN cost?
Median Sold Price
$359,725
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55303 was $359,725 in March 2024, down 0.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $264.9K | $260.5K | -1.7% |
3 Bedrooms | $335K | $337.2K | +0.7% |
4 Bedrooms | $388.5K | $390K | 0.4% |
5+ Bedrooms | $453K | $449.4K | -0.8% |
Summary: 55303 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 55303, MN
How many homes are available in 55303, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
196 | 207 | +5.6% |
Summary: The 55303 real estate market had 207 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 75 | 87 | +16.0% |
4 Bedrooms | 62 | 64 | +3.2% |
5+ Bedrooms | 31 | 27 | -12.9% |
Summary: The 55303 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 increased by 3.7%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 12.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 55303 in March 2024, the same as the previous month. Of the 43 sold homes, 33% were sold under asking, 30% were sold at asking, and 37% were sold over asking.
Days on Market for 55303, MN
How long does it take to sell a home in 55303, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 39 Days | +17.4% |
Summary: Homes in 55303 had an average of 39 days on market in Mar 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in 55303; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.