Is 55368, 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, 55368 was a Neutral Market.
Housing Prices in 55368, MN
How much do homes in 55368, MN cost?
Median Sold Price
$253,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55368 was $253,000 in April 2024, down 5.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220.6K | $192.5K | -12.8% |
3 Bedrooms | $269.5K | $275K | +2.0% |
4 Bedrooms | $232K | $269.9K | +16.4% |
5+ Bedrooms | $630K | - | N/A |
Summary: 55368 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 decreased by 12.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
55397 | $297K | $314.9K | +6.1% |
55322 | $400K | $393.5K | -1.6% |
55368 | $269K | $253K | -5.9% |
Housing Supply in 55368, MN
How many homes are available in 55368, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The 55368 real estate market had 13 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55368 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 55368 in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 55368, MN
How long does it take to sell a home in 55368, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 10 Days | -55.6% |
Summary: Homes in 55368 had an average of 10 days on market in Apr 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 55368; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.