Is 55426, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 55426 has remained a Seller's Market.
Housing Prices in 55426, MN
How much do homes in 55426, MN cost?
Median Sold Price
$351,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55426 was $351,000 in March 2024, down 1.1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154K | $155K | +0.6% |
2 Bedrooms | $260K | $256.9K | -1.2% |
3 Bedrooms | $368K | $370K | 0.5% |
4 Bedrooms | $432.7K | $451K | +4.2% |
5+ Bedrooms | $575K | $515K | -10.4% |
Summary: 55426 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in 55426, MN
How many homes are available in 55426, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 87 | +3.6% |
Summary: The 55426 real estate market had 87 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 27 | 35 | +29.6% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 20 | 13 | -35.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 55426 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 29.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 55426 in March 2024, down by 6.9% month-over-month. Of the 27 sold homes, 30% were sold under asking, 30% were sold at asking, and 41% were sold over asking.
Days on Market for 55426, MN
How long does it take to sell a home in 55426, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 20 Days | -31.2% |
Summary: Homes in 55426 had an average of 20 days on market in Mar 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 55426; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.