Is 55350, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, 55350 has remained a Seller's Market.
Key Takeaway
55350 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 55350, MN cost?
Median Sold Price
$265,750
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$25,216(+10.5%)
Key Takeaway
Homes in 55350 have sold for 10.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $124.5K | $115K | -7.6% |
| 2 Bedrooms | $206.5K | $227.7K | +10.3% |
| 3 Bedrooms | $215K | $249.9K | +16.3% |
| 4 Bedrooms | $270K | $285.5K | +5.7% |
| 5+ Bedrooms | $308K | $335K | +8.8% |
How many homes are available in 55350, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 49 | 56 | +14.3% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55350, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 35 Days | 27 Days | -22.9% |
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55350 are selling fast, if you're buying plan to act quickly.
