Is 55369, 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, 55369 has remained a Seller's Market.
Housing Prices in 55369, MN
How much do homes in 55369, MN cost?
Median Sold Price
$375,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55369 was $375,000 in March 2024, down 3.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $234K | N/A |
2 Bedrooms | $271K | $272.5K | +0.6% |
3 Bedrooms | $365.1K | $358.4K | -1.8% |
4 Bedrooms | $450K | $463.4K | +3.0% |
5+ Bedrooms | $585K | $586.6K | 0.3% |
Summary: 55369 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 55369, MN
How many homes are available in 55369, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
125 | 168 | +34.4% |
Summary: The 55369 real estate market had 168 homes for sale in March 2024, a 34.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 45 | 67 | +48.9% |
4 Bedrooms | 50 | 60 | +20.0% |
5+ Bedrooms | 15 | 25 | +66.7% |
Summary: The 55369 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 increased by 6.7%, 3 bedroom homes increased by 48.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 34 | -12.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 55369 in March 2024, down by 12.8% month-over-month. Of the 34 sold homes, 41% were sold under asking, 21% were sold at asking, and 38% were sold over asking.
Days on Market for 55369, MN
How long does it take to sell a home in 55369, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 29 Days | -31.2% |
Summary: Homes in 55369 had an average of 29 days on market in Mar 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 55369; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.