Is 55439, 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, 55439 has remained a Seller's Market.
Housing Prices in 55439, MN
How much do homes in 55439, MN cost?
Median Sold Price
$580,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55439 was $580,000 in March 2024, down 10.8% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $302.4K | $280K | -7.4% |
2 Bedrooms | $335K | $342.5K | +2.2% |
3 Bedrooms | $597.5K | $513.7K | -14.0% |
4 Bedrooms | $675.7K | $727.5K | +7.7% |
5+ Bedrooms | $1.0M | $937.5K | -6.3% |
Summary: 55439 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 55439, MN
How many homes are available in 55439, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 55 | +19.6% |
Summary: The 55439 real estate market had 55 homes for sale in March 2024, a 19.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The 55439 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 55439 in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for 55439, MN
How long does it take to sell a home in 55439, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 39 Days | -44.7% |
Summary: Homes in 55439 had an average of 39 days on market in Mar 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 55439; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.