Is 55437, 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, 55437 has remained a Seller's Market.
Housing Prices in 55437, MN
How much do homes in 55437, MN cost?
Median Sold Price
$355,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55437 was $355,000 in March 2024, down 2.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198.7K | $133.5K | -32.8% |
2 Bedrooms | $269.1K | $275K | +2.2% |
3 Bedrooms | $360K | $356.5K | -1.0% |
4 Bedrooms | $439K | $449.4K | +2.4% |
5+ Bedrooms | $445K | $550K | +23.6% |
Summary: 55437 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 23.6%.
Housing Supply in 55437, MN
How many homes are available in 55437, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 47 | +14.6% |
Summary: The 55437 real estate market had 47 homes for sale in March 2024, a 14.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55437 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 55437 in March 2024, up by 36.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for 55437, MN
How long does it take to sell a home in 55437, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 28 Days | -27.4% |
Summary: Homes in 55437 had an average of 28 days on market in Mar 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 55437; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.