Is 55322, 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, 55322 was a Seller's Market.
Housing Prices in 55322, MN
How much do homes in 55322, MN cost?
Median Sold Price
$393,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55322 was $393,500 in April 2024, down 1.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $246.5K | N/A |
2 Bedrooms | $297.2K | $291.5K | -1.9% |
3 Bedrooms | $397.9K | $404K | +1.5% |
4 Bedrooms | $453.9K | $372.2K | -18.0% |
5+ Bedrooms | $489K | $435K | -11.0% |
Summary: 55322 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 11%.
Housing Supply in 55322, MN
How many homes are available in 55322, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Summary: The 55322 real estate market had 43 homes for sale in April 2024, a 16.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 55322 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 55322 in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 55322, MN
How long does it take to sell a home in 55322, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 5 Days | -90.7% |
Summary: Homes in 55322 had an average of 5 days on market in Apr 2024, down by 90.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 55322; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.