Is 55374, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55374 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55374 has remained a Seller's Market.

Key Takeaway

55374 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55374, MN cost?

Median Sold Price

$427,995

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$68,362(+19.0%)

Key Takeaway

Homes in 55374 have sold for 19% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $174.9K-
N/A
2 $251.5K$240.5K
-4.4%
3 $341K$389.9K
+14.4%
4 $390K$449.9K
+15.4%
5+ $398K$480K
+20.6%

Median Sold Price Compared To Nearby Zip Codes

55374
+19.0%
55376
+18.2%
55327
+16.0%
55311
+11.3%

How many homes are available in 55374, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
8976-14.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 1417
+21.4%
3 2213
-40.9%
4 3128
-9.7%
5+ 2218
-18.2%

Number of Homes Sold

Nov 2021Dec 2021%
2717-37.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55374, expect to pay close to the asking price. 47.1% of homes here sold near the asking price last month.

Average Sale Time

Dec 2020Dec 2021%
19 Days13 Days-33.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55374 are selling fast, if you're buying plan to act quickly.

About 55374, MN

55374, MN has 76 homes on the market. The number of homes for sale in 55374, MN decreased by 14.6% between November 2021 and December 2021. Listings spent 13 days on the market in December 2021, and had a median list price of $427,995 during the same period. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 4.4%, 3 bedrooms properties prices increased by 14.4%, the cost of 4 bedrooms properties went up by 15.4%, prices of 5 bedrooms properties increased by 20.6%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 21.4%, 3 bedrooms homes inventory decreased by 40.9%, number of 4 bedrooms homes decreased by 9.7%, volume of 5 bedrooms homes went down by 18.2%. In December 2021 more than 7 listings in 55374, MN were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 2 were sold below.