Is 55359, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 55359 was a Seller's Market.
Housing Prices in 55359, MN
How much do homes in 55359, MN cost?
Median Sold Price
$563,500
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 55359 was $563,500 in February 2024, up 4.4% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $567K | N/A |
2 Bedrooms | $425K | $301.2K | -29.1% |
3 Bedrooms | $430K | $370K | -14.0% |
4 Bedrooms | $906.5K | $597.5K | -34.1% |
5+ Bedrooms | $1.2M | $1.2M | +3.9% |
Summary: 55359 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.1%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 55359, MN
How many homes are available in 55359, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Summary: The 55359 real estate market had 20 homes for sale in February 2024, a 53.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 55359 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 55359 in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 55359, MN
How long does it take to sell a home in 55359, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 25 Days | -40.5% |
Summary: Homes in 55359 had an average of 25 days on market in Feb 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in 55359; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.