Is 55389, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55389 has remained a Seller's Market.
Housing Prices in 55389, MN
How much do homes in 55389, MN cost?
Median Sold Price
$329,000
$183/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 55389 was $329,000 in April 2024, down 17.2% from last month, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $425K | N/A |
3 Bedrooms | $440K | $230.6K | -47.6% |
4 Bedrooms | $355K | $329K | -7.3% |
5+ Bedrooms | - | - | N/A |
Summary: 55389 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 47.6%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes did not change.
Housing Supply in 55389, MN
How many homes are available in 55389, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Summary: The 55389 real estate market had 9 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55389 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 decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 55389 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 55389, MN
How long does it take to sell a home in 55389, MN?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 31 Days | +181.8% |
Summary: Homes in 55389 had an average of 31 days on market in Apr 2024, up by 181.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 55389; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.