Is 55341, 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, 55341 was a Neutral Market.
Housing Prices in 55341, MN
How much do homes in 55341, MN cost?
Median Sold Price
$426,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55341 was $426,500 in April 2024, down 2.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $402.8K | $419.9K | +4.2% |
3 Bedrooms | $397.5K | $460.9K | +16.0% |
4 Bedrooms | $490K | $425K | -13.3% |
5+ Bedrooms | $465K | $460K | -1.1% |
Summary: 55341 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 increased by 4.2%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 55341, MN
How many homes are available in 55341, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 48 | +37.1% |
Summary: The 55341 real estate market had 48 homes for sale in April 2024, a 37.1% 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 | 9 | 11 | +22.2% |
3 Bedrooms | 6 | 11 | +83.3% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The 55341 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 22.2%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 55341 in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55341, MN
How long does it take to sell a home in 55341, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 11 Days | -75.6% |
Summary: Homes in 55341 had an average of 11 days on market in Apr 2024, down by 75.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in 55341; 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.