Is 55352, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 55352 was a Buyer's Market.
Housing Prices in 55352, MN
How much do homes in 55352, MN cost?
Median Sold Price
$421,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55352 was $421,000 in April 2024, down 0.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $239K | $325K | +36.0% |
3 Bedrooms | $369.9K | $417.9K | +13.0% |
4 Bedrooms | $427K | $425.7K | -0.3% |
5+ Bedrooms | $499.9K | $459K | -8.2% |
Summary: 55352 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in 55352, MN
How many homes are available in 55352, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 55 | +1.9% |
Summary: The 55352 real estate market had 55 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 55352 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 55352 in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 55352, MN
How long does it take to sell a home in 55352, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 43 Days | +159.3% |
Summary: Homes in 55352 had an average of 43 days on market in Apr 2024, up by 159.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 55352; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.