Is 55386, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55386 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 55386 has remained a Seller's Market.

Key Takeaway

55386 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55386, MN cost?

Median Sold Price

$596,225

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$96,225(+19.2%)

Key Takeaway

Homes in 55386 have sold for 19.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 --
N/A
2 $379.9K$389.2K
+2.5%
3 $363.4K$405K
+11.4%
4 $603K$611K
+1.3%
5+ $627.5K$694.9K
+10.7%

Median Sold Price Compared To Nearby Zip Codes

55386
+19.2%
55331
+12.0%
55387
+7.9%
55318
+5.5%

How many homes are available in 55386, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
2435+45.8%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 01
+100.0%
3 711
+57.1%
4 913
+44.4%
5+ 810
+25.0%

Number of Homes Sold

Jan 2023Feb 2023%
26+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55386, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
22 Days35 Days+60.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55386 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Local real estate agents are ready to help you find a home here.

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8310 Rhoy St, Victoria, MN 55386

Coming Soon

$319,900

2

1

1,122 SqFt

8310 Rhoy St, Victoria MN, 55386

Listing Office:

Coldwell Banker Realty

#6318381

MLS logo
7882 Jade Ln, Victoria, MN 55386

$619,990

3

2 Full, 1 Partial

2,376 SqFt

7882 Jade Ln, Victoria MN, 55386

Listing Office:

Pulte Homes Of Minnesota, LLC

#6346586

MLS logo
7826 Madelyn Creek Dr, Victoria, MN 55386

Coming Soon

$325,000

3

1 Full, 1 Partial

1,714 SqFt

7826 Madelyn Creek Dr, Victoria MN, 55386

Listing Office:

Better Homes and Gardens Real Estate - All Seasons

#6342836

MLS logo
5551 Catkin Way, Victoria, MN 55386

$534,990

4

2 Full, 1 Partial

2,439 SqFt

5551 Catkin Way, Victoria MN, 55386

Listing Office:

Lennar Sales Corp

#6341727

MLS logo
8688 Ambergate Dr, Victoria, MN 55386

Coming Soon

$739,900

5

2 Full, 1 Partial

4,034 SqFt

8688 Ambergate Dr, Victoria MN, 55386

Listing Office:

Coldwell Banker Realty

#6329469

MLS logo
10142 Corral Way, Victoria, MN 55386

$554,980

4

1 Full, 1 Partial

2,450 SqFt

10142 Corral Way, Victoria MN, 55386

Listing Office:

RT Urban Homes, Inc.

#6339063

MLS logo
4924 Obsidian Way, Victoria, MN 55386

$693,120

4

2 Full, 1 Partial

2,973 SqFt

4924 Obsidian Way, Victoria MN, 55386

Listing Office:

Pulte Homes Of Minnesota, LLC

#6334276

MLS logo
10145 Corral Way, Victoria, MN 55386

$654,105

5

2 Full, 1 Partial

3,476 SqFt

10145 Corral Way, Victoria MN, 55386

Listing Office:

RT Urban Homes, Inc.

#6331859

MLS logo
4901 Obsidian Way, Victoria, MN 55386

$776,000

4

2 Full, 1 Partial

3,257 SqFt

4901 Obsidian Way, Victoria MN, 55386

Listing Office:

Pulte Homes Of Minnesota, LLC

#6262084

MLS logo
7740 Vincent Dr, Victoria, MN 55386

$489,999

3

1 Full, 1 Partial

2,044 SqFt

7740 Vincent Dr, Victoria MN, 55386

Listing Office:

Excelsior Realty

#6310766

MLS logo
6215 Lakeside Dr, Victoria, MN 55318

$1,216,800

3

1 Full, 1 Partial

3,519 SqFt

6215 Lakeside Dr, Victoria MN, 55318

Listing Office:

Keller Williams Premier Realty Lake Minnetonka

#6263874

MLS logo
10135 Corral Way, Victoria, MN 55386

$579,630

3

1 Full, 1 Partial

2,022 SqFt

10135 Corral Way, Victoria MN, 55386

Listing Office:

RT Urban Homes, Inc.

#6248668

MLS logo

About 55386, MN

55386, MN has 35 homes for sale to choose from. Between January 2023 and February 2023, 55386, MN real estate market has seen increase in the number of listings by 45.8%. The median list price of listings available in February 2023 was $596,225, while the average time on the real estate market was 35 days. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 2.5% more expensive, 3 bedrooms properties became 11.4% more expensive, the cost of 4 bedrooms properties went up by 1.3%, 5 bedrooms properties prices increased by 10.7%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 100%, 3 bedrooms homes inventory increased by 57.1%, the quantity of 4 bedrooms homes went up by 44.4%, volume of 5 bedrooms homes went up by 25%. While more than 0 listings in 55386, MN in February 2023 were sold above asking price, there were more than 3 listings sold at asking price, and more than 3 were sold below.

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 03/01/2021 - 03/01/2023

Broker Reciprocity Copyright © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/28/2023, 9:22:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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