Is 55328, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 55328 was a Seller's Market.
Key Takeaway
55328 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 55328, MN cost?
Median Sold Price
$435,495
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$56,995(+15.1%)
Key Takeaway
Homes in 55328 have sold for 15.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $301K | +5.6% |
| 3 Bedrooms | $350K | $365K | +4.3% |
| 4 Bedrooms | $424.9K | $487.5K | +14.7% |
| 5+ Bedrooms | $475.2K | $532.4K | +12.0% |
How many homes are available in 55328, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 53 | 79 | +49.1% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 24 | +84.6% |
| 4 Bedrooms | 24 | 37 | +54.2% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55328, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 48 Days | 64 Days | +33.9% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55328 has remained consistent over time.
