Is 55426, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55426 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55426 has remained a Seller's Market.

Key Takeaway

55426 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55426, MN cost?

Median Sold Price

$335,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$15,033(+4.7%)

Key Takeaway

Homes in 55426 have sold for 4.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $139.2K$146K
+4.9%
2 $237.5K$257K
+8.2%
3 $324K$340K
+4.9%
4 $365K$402K
+10.1%
5+ $545K$520K
-4.6%

Median Sold Price Compared To Nearby Zip Codes

55436
+25.5%
55305
+14.9%
55416
+7.4%
55426
+4.7%
55343
+1.7%

How many homes are available in 55426, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
14194-33.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 1413
-7.1%
2 3126
-16.1%
3 6234
-45.2%
4 3019
-36.7%
5+ 42
-50.0%

Number of Homes Sold

Nov 2021Dec 2021%
5549-10.9%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55426, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
21 Days20 Days-3.1%

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55426 are selling fast, if you're buying plan to act quickly.

About 55426, MN

Number of homes for sale in 55426, MN real estate market have reached 94. In December 2021 in 55426, MN there were 33.3% less homes for sale than in November 2021. While the average time on the market in December 2021 was 20 days, the median list price was $335,000. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 4.9%, 2 bedrooms properties became 8.2% more expensive, prices of 3 bedrooms properties increased by 4.9%, the cost of 4 bedrooms properties went up by 10.1%, prices of 5 bedrooms properties decreased by 4.6%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 7.1%, 2 bedrooms homes became 16.1% less available, volume of 3 bedrooms homes went down by 45.2%, number of 4 bedrooms homes decreased by 36.7%, number of 5 bedrooms homes decreased by 50%. While more than 23 listings in 55426, MN in December 2021 were sold above asking price, there were more than 7 listings sold at asking price, and more than 19 were sold below.