Is 55443, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55443 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55443 has remained a Seller's Market.

Key Takeaway

55443 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55443, MN cost?

Median Sold Price

$345,250

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$45,250(+15.1%)

Key Takeaway

Homes in 55443 have sold for 15.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $168K$182K
+8.3%
2 $239.9K$250K
+4.2%
3 $287K$323K
+12.5%
4 $355K$389.9K
+9.8%
5+ $410.9K$459.9K
+11.9%

Median Sold Price Compared To Nearby Zip Codes

55443
+15.1%
55433
+14.0%
55445
+12.3%
55444
+11.2%
55429
+8.5%

How many homes are available in 55443, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
166139-16.3%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 2419
-20.8%
3 6964
-7.2%
4 5638
-32.1%
5+ 1718
+5.9%

Number of Homes Sold

Nov 2021Dec 2021%
6052-13.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55443, you could pay more than the asking price. 59.6% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
22 Days22 Days-2.2%

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55443 are selling fast, if you're buying plan to act quickly.

About 55443, MN

Number of homes for sale in 55443, MN real estate market have reached 139. The inventory of homes for sale in 55443, MN between November 2021 and December 2021 decreased by 16.3%. While the average time on the market in December 2021 was 22 days, the median list price was $345,250. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 8.3%, 2 bedrooms properties prices increased by 4.2%, prices of 3 bedrooms properties increased by 12.5%, the cost of 4 bedrooms properties went up by 9.8%, prices of 5 bedrooms properties increased by 11.9%. This housing market inventory have changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 20.8%, 3 bedrooms homes became 7.2% less available, number of 4 bedrooms homes decreased by 32.1%, number of 5 bedrooms homes increased by 5.9%. Over 31 listings were sold over their listed price in December 2021 in 55443, MN. In the same period over 11 listings were sold below the listed price and 10 listings were sold for the listed price.