Is 55433, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 55433 has remained a Seller's Market.
Housing Prices in 55433, MN
How much do homes in 55433, MN cost?
Median Sold Price
$322,272
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55433 was $322,272 in April 2024, up 8.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $239.9K | $254.5K | +6.1% |
3 Bedrooms | $294.4K | $320K | +8.7% |
4 Bedrooms | $345K | $343K | -0.6% |
5+ Bedrooms | $352.5K | $380K | +7.8% |
Summary: 55433 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 55433, MN
How many homes are available in 55433, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 109 | +2.8% |
Summary: The 55433 real estate market had 109 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 23 | 29 | +26.1% |
3 Bedrooms | 49 | 46 | -6.1% |
4 Bedrooms | 29 | 27 | -6.9% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 55433 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 increased by 26.1%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 46 | +48.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 55433 in April 2024, up by 48.4% month-over-month. Of the 46 sold homes, 22% were sold under asking, 22% were sold at asking, and 57% were sold over asking.
Days on Market for 55433, MN
How long does it take to sell a home in 55433, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 17 Days | +12.7% |
Summary: Homes in 55433 had an average of 17 days on market in Apr 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in 55433; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.