Is 55421, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, 55421 has remained a Seller's Market.
Key Takeaway
55421 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 55421, MN cost?
Median Sold Price
$294,238
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$24,238(+9.0%)
Key Takeaway
Homes in 55421 have sold for 9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $152.5K | $152.5K | 0.0% |
| 2 Bedrooms | $235K | $219K | -6.8% |
| 3 Bedrooms | $265K | $294.9K | +11.3% |
| 4 Bedrooms | $300K | $329.9K | +10.0% |
| 5+ Bedrooms | $322.5K | $360K | +11.6% |
How many homes are available in 55421, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 44 | 42 | -4.5% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55421, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 24 Days | 29 Days | +21.7% |
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55421 are selling fast, if you're buying plan to act quickly.
