Is 55334, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55334 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 55334 was a Seller's Market.

Key Takeaway

55334 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 55334, MN cost?

Median Sold Price

$200,000

$112/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

+$5,000(+2.6%)

Key Takeaway

Homes in 55334 have sold for 2.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 $215K-
N/A
3 $119.5K$200K
+67.4%
4 $205K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

55396
+3.3%
55334
+2.6%

How many homes are available in 55334, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
1613-18.8%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 10
-100.0%
3 99
0.0%
4 31
-66.7%
5+ 33
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55334, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
40 Days109 Days+169.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 55334 are taking a long time to sell, it's a good idea to negotiate on homes here.

About 55334, MN

Homes for sale in 55334, MN have reached 13. In December 2021 in 55334, MN there were 18.8% less homes for sale than in November 2021. While the average time on the market in December 2021 was 109 days, the median list price was $200,000. From December 2020 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties prices increased by 67.4%, prices of 4 bedrooms properties went up by 0%, 5 bedrooms properties became 0% more expensive. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 100%, the quantity of 3 bedrooms homes have not changed, the quantity of 4 bedrooms homes went down by 66.7%, volume of 5 bedrooms homes stayed the same. In December 2021 more than 0 listings in 55334, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.