Is 55355, 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, 55355 has remained a Seller's Market.
Housing Prices in 55355, MN
How much do homes in 55355, MN cost?
Median Sold Price
$249,900
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55355 was $249,900 in March 2024, up 24.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $50.6K | -30.2% |
2 Bedrooms | $172.5K | $184.9K | +7.2% |
3 Bedrooms | $189.9K | $197.4K | +4.0% |
4 Bedrooms | $229.7K | $285K | +24.0% |
5+ Bedrooms | $382.5K | $529K | +38.3% |
Summary: 55355 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.2%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 38.3%.
Median Sold Price Compared To Nearby Zip Codes
55355 | $200K | $249.9K | +24.9% |
55325 | $350K | $340K | -2.9% |
Housing Supply in 55355, MN
How many homes are available in 55355, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Summary: The 55355 real estate market had 27 homes for sale in March 2024, a 6.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 12 | 8 | -33.3% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55355 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 55355 in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for 55355, MN
How long does it take to sell a home in 55355, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 34 Days | -4.5% |
Summary: Homes in 55355 had an average of 34 days on market in Mar 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 55355; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.