Is 55391, 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, 55391 was a Seller's Market.
Housing Prices in 55391, MN
How much do homes in 55391, MN cost?
Median Sold Price
$943,633
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55391 was $943,633 in April 2024, up 3.3% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $242.2K | -5.0% |
2 Bedrooms | $604.8K | $495K | -18.2% |
3 Bedrooms | $720K | $800K | +11.1% |
4 Bedrooms | $878.1K | $1.0M | +23.8% |
5+ Bedrooms | $1.4M | $1.7M | +21.7% |
Summary: 55391 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in 55391, MN
How many homes are available in 55391, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 132 | +29.4% |
Summary: The 55391 real estate market had 132 homes for sale in April 2024, a 29.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 22 | 30 | +36.4% |
4 Bedrooms | 25 | 33 | +32.0% |
5+ Bedrooms | 37 | 50 | +35.1% |
Summary: The 55391 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 35.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 55391 in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 55391, MN
How long does it take to sell a home in 55391, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 36 Days | -44.5% |
Summary: Homes in 55391 had an average of 36 days on market in Apr 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in 55391; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.