Is 55379, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 55379 was a Seller's Market.
Key Takeaway
55379 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 55379, MN cost?
Median Sold Price
$385,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$39,889(+11.6%)
Key Takeaway
Homes in 55379 have sold for 11.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $175K | $199K | +13.7% |
| 2 Bedrooms | $240K | $260K | +8.3% |
| 3 Bedrooms | $290K | $321K | +10.7% |
| 4 Bedrooms | $430K | $472.2K | +9.8% |
| 5+ Bedrooms | $500K | $558.5K | +11.7% |
How many homes are available in 55379, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 143 | 164 | +14.7% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 39 | 55 | +41.0% |
| 4 Bedrooms | 45 | 49 | +8.9% |
| 5+ Bedrooms | 39 | 35 | -10.3% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55379, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 27 Days | 57 Days | +111.0% |
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55379 has remained consistent over time.
