Is 55410, 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, 55410 was a Seller's Market.
Housing Prices in 55410, MN
How much do homes in 55410, MN cost?
Median Sold Price
$550,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55410 was $550,000 in April 2024, down 7.3% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218K | $210K | -3.7% |
2 Bedrooms | $320K | $390K | +21.9% |
3 Bedrooms | $507.5K | $500K | -1.5% |
4 Bedrooms | $716K | $685K | -4.3% |
5+ Bedrooms | $1.1M | $1.2M | +14.5% |
Summary: 55410 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 21.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 55410, MN
How many homes are available in 55410, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 121 | +23.5% |
Summary: The 55410 real estate market had 121 homes for sale in April 2024, a 23.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 8 | 16 | +100.0% |
3 Bedrooms | 30 | 31 | +3.3% |
4 Bedrooms | 31 | 37 | +19.4% |
5+ Bedrooms | 25 | 32 | +28.0% |
Summary: The 55410 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 28%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 18 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 55410 in April 2024, down by 33.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for 55410, MN
How long does it take to sell a home in 55410, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 32 Days | +42.5% |
Summary: Homes in 55410 had an average of 32 days on market in Apr 2024, up by 42.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 55410; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.