Is 55442, 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, 55442 has remained a Seller's Market.
Housing Prices in 55442, MN
How much do homes in 55442, MN cost?
Median Sold Price
$450,050
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55442 was $450,050 in March 2024, up 2.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.1K | $146.5K | +5.3% |
2 Bedrooms | $240K | $219.5K | -8.5% |
3 Bedrooms | $423.5K | $450.2K | +6.3% |
4 Bedrooms | $497K | $500K | +0.6% |
5+ Bedrooms | $561K | $670K | +19.4% |
Summary: 55442 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 19.4%.
Housing Supply in 55442, MN
How many homes are available in 55442, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 43 | +26.5% |
Summary: The 55442 real estate market had 43 homes for sale in March 2024, a 26.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 2 | 8 | +300.0% |
Summary: The 55442 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 55442 in March 2024, up by 71.4% month-over-month. Of the 12 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 55442, MN
How long does it take to sell a home in 55442, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 41 Days | +123.4% |
Summary: Homes in 55442 had an average of 41 days on market in Mar 2024, up by 123.4% compared to last year.
Breakdown of Home Sale Times
8 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, 12 homes were sold in 55442; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.