Is 55350, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 55350 is a seller'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



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 55350 have sold for 10.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $124.5K$115K
2 $206.5K$227.7K
3 $215K$249.9K
4 $270K$285.5K
5+ $308K$335K

How many homes are available in 55350, MN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 1212
3 2326
4 1114
5+ 34

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Feb 2023%
35 Days27 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55350 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 55350, MN

Homes for sale in 55350, MN have reached 56. Between January 2023 and February 2023, 55350, MN real estate market has seen increase in the number of listings by 14.3%. Listings spent 27 days on the market in February 2023, and had a median list price of $265,750 during the same period. This housing market listing prices have changed between January 2023 and February 2023: 1 bedroom properties became 7.6% more cheaper, the cost of 2 bedrooms properties went up by 10.3%, 3 bedrooms properties prices increased by 16.3%, 4 bedrooms properties prices increased by 5.7%, prices of 5 bedrooms properties went up by 8.8%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went up by 13%, volume of 4 bedrooms homes went up by 27.3%, volume of 5 bedrooms homes went up by 33.3%. In February 2023, from all listings sold in 55350, MN there were more than 3 sold above asking price, over 4 sold below and more than 4 were sold right at the asked price.