Is 55346, 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, 55346 has remained a Seller's Market.
Housing Prices in 55346, MN
How much do homes in 55346, MN cost?
Median Sold Price
$449,950
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55346 was $449,950 in April 2024, up 1.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.5K | $184.9K | -6.3% |
2 Bedrooms | $239.7K | $279K | +16.4% |
3 Bedrooms | $394K | $419.5K | +6.5% |
4 Bedrooms | $473K | $482.5K | +2.0% |
5+ Bedrooms | $651.5K | $620K | -4.8% |
Summary: 55346 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 55346, MN
How many homes are available in 55346, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 61 | +45.2% |
Summary: The 55346 real estate market had 61 homes for sale in April 2024, a 45.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 7 | 12 | +71.4% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 55346 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 55346 in April 2024, down by 14.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% were sold over asking.
Days on Market for 55346, MN
How long does it take to sell a home in 55346, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 33 Days | +533.6% |
Summary: Homes in 55346 had an average of 33 days on market in Apr 2024, up by 533.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in 55346; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.