Is 55343, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 55343 has remained a Seller's Market.
Housing Prices in 55343, MN
How much do homes in 55343, MN cost?
Median Sold Price
$333,166
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55343 was $333,166 in March 2024, up 2.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $151.8K | -21.1% |
2 Bedrooms | $241K | $235.2K | -2.4% |
3 Bedrooms | $357.5K | $360K | +0.7% |
4 Bedrooms | $428K | $457K | +6.8% |
5+ Bedrooms | $705K | $555K | -21.3% |
Summary: 55343 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 21.3%.
Housing Supply in 55343, MN
How many homes are available in 55343, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 77 | +2.7% |
Summary: The 55343 real estate market had 77 homes for sale in March 2024, a 2.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 16 | +6.7% |
2 Bedrooms | 25 | 31 | +24.0% |
3 Bedrooms | 21 | 19 | -9.5% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 55343 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 24%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 18 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 55343 in March 2024, down by 25.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for 55343, MN
How long does it take to sell a home in 55343, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 34 Days | +57.8% |
Summary: Homes in 55343 had an average of 34 days on market in Mar 2024, up by 57.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 55343; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.