Is 55384, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55384 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55384 has remained a Seller's Market.

Key Takeaway

55384 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55384, MN cost?

Median Sold Price

$657,000

$390/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$292,000(+80.0%)

Key Takeaway

Homes in 55384 have sold for 80% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $313K$384K
+22.7%
2 $305K$627K
+105.6%
3 $664.2K$1.0M
+50.5%
4 $1.2M$1.2M
-2.0%
5+ $390K$1.3M
+256.4%

Median Sold Price Compared To Nearby Zip Codes

55384
+80.0%
55364
+23.7%
55391
+11.5%

How many homes are available in 55384, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
32-33.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 32
-33.3%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55384, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
111 Days64 Days-42.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55384 are selling fast, if you're buying plan to act quickly.

About 55384, MN

55384, MN has 2 homes for sale to choose from. In December 2021 in 55384, MN there were 33.3% less homes for sale than in November 2021. While the average time on the market in December 2021 was 64 days, the median list price was $657,000. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 22.7%, 2 bedrooms properties prices increased by 105.6%, 3 bedrooms properties prices increased by 50.5%, 4 bedrooms properties became 2% more cheaper, 5 bedrooms properties prices increased by 256.4%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 33.3%, 3 bedrooms homes inventory did not change, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In December 2021, from all listings sold in 55384, MN there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.