Is 55382, 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, 55382 was a Seller's Market.
Housing Prices in 55382, MN
How much do homes in 55382, MN cost?
Median Sold Price
$375,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55382 was $375,000 in April 2024, up 14.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.5K | $292.4K | +83.4% |
2 Bedrooms | $277.5K | $318.7K | +14.9% |
3 Bedrooms | $319.9K | $382.5K | +19.6% |
4 Bedrooms | $483K | $399.9K | -17.2% |
5+ Bedrooms | $635K | $367.5K | -42.1% |
Summary: 55382 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.4%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 42.1%.
Housing Supply in 55382, MN
How many homes are available in 55382, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Summary: The 55382 real estate market had 21 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55382 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 55382 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 55382, MN
How long does it take to sell a home in 55382, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
93 Days | 24 Days | -74.3% |
Summary: Homes in 55382 had an average of 24 days on market in Apr 2024, down by 74.3% 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 April 2024, 2 homes were sold in 55382; 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.