Is 55304, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 55304 was a Seller's Market.
Housing Prices in 55304, MN
How much do homes in 55304, MN cost?
Median Sold Price
$436,693
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55304 was $436,693 in March 2024, down 1.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $185K | +2.8% |
2 Bedrooms | $334.9K | $339K | +1.2% |
3 Bedrooms | $415K | $380K | -8.4% |
4 Bedrooms | $451.9K | $460K | +1.8% |
5+ Bedrooms | $550K | $575K | +4.5% |
Summary: 55304 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 55304, MN
How many homes are available in 55304, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
151 | 176 | +16.6% |
Summary: The 55304 real estate market had 176 homes for sale in March 2024, a 16.6% 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 | 9 | 13 | +44.4% |
3 Bedrooms | 45 | 47 | +4.4% |
4 Bedrooms | 70 | 83 | +18.6% |
5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The 55304 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 44.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 24 | -20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 55304 in March 2024, down by 20.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 38% were sold at asking, and 29% were sold over asking.
Days on Market for 55304, MN
How long does it take to sell a home in 55304, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 25 Days | -48.5% |
Summary: Homes in 55304 had an average of 25 days on market in Mar 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 55304; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.