Is 55345, 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, 55345 has remained a Seller's Market.
Housing Prices in 55345, MN
How much do homes in 55345, MN cost?
Median Sold Price
$500,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55345 was $500,000 in March 2024, down 0.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $765K | $236K | -69.2% |
2 Bedrooms | $285K | $302K | +6.0% |
3 Bedrooms | $426K | $435K | +2.1% |
4 Bedrooms | $550K | $577.5K | +5.0% |
5+ Bedrooms | $734.9K | $674.8K | -8.2% |
Summary: 55345 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in 55345, MN
How many homes are available in 55345, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 67 | +26.4% |
Summary: The 55345 real estate market had 67 homes for sale in March 2024, a 26.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 16 | 23 | +43.8% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The 55345 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 55345 in March 2024, up by 60.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% were sold over asking.
Days on Market for 55345, MN
How long does it take to sell a home in 55345, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 14 Days | -72.3% |
Summary: Homes in 55345 had an average of 14 days on market in Mar 2024, down by 72.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 55345; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.