Is 55330, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 55330 has remained a Seller's Market.
Key Takeaway
55330 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55330, MN
How much do homes in 55330, MN cost?
Median Sold Price
$395,171
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 55330 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 55330 was $395,171 in April 2024, down 1.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $155.9K | +7.5% |
| 2 Bedrooms | $255K | $255K | 0.0% |
| 3 Bedrooms | $355.6K | $345K | -3.0% |
| 4 Bedrooms | $439.9K | $450K | +2.3% |
| 5+ Bedrooms | $500K | $491K | -1.8% |
Summary: 55330 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 55330, MN
How many homes are available in 55330, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 230 | 264 | +14.8% |
Summary: The 55330 real estate market had 264 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 46 | 50 | +8.7% |
| 3 Bedrooms | 76 | 95 | +25.0% |
| 4 Bedrooms | 80 | 92 | +15.0% |
| 5+ Bedrooms | 28 | 27 | -3.6% |
Summary: The 55330 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 8.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 69 | +32.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55330, you may be able to get a good deal. 36.2% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in 55330 in April 2024, up by 32.7% month-over-month. Of the 69 sold homes, 36% were sold under asking, 35% were sold at asking, and 29% were sold over asking.
Days on Market for 55330, MN
How long does it take to sell a home in 55330, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 29 Days | -18.2% |
Summary: Homes in 55330 had an average of 29 days on market in Apr 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55330 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 69 homes were sold in 55330; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
