Is 55443, 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, 55443 has remained a Seller's Market.
Housing Prices in 55443, MN
How much do homes in 55443, MN cost?
Median Sold Price
$350,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55443 was $350,500 in March 2024, down 5.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $172K | N/A |
2 Bedrooms | $271K | $266K | -1.8% |
3 Bedrooms | $344.8K | $325K | -5.8% |
4 Bedrooms | $410K | $401K | -2.2% |
5+ Bedrooms | $459K | $490K | +6.8% |
Summary: 55443 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in 55443, MN
How many homes are available in 55443, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 100 | +2.0% |
Summary: The 55443 real estate market had 100 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 18 | -5.3% |
3 Bedrooms | 39 | 36 | -7.7% |
4 Bedrooms | 26 | 31 | +19.2% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 55443 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 decreased by 5.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 55443 in March 2024, up by 16.0% month-over-month. Of the 29 sold homes, 24% were sold under asking, 24% were sold at asking, and 52% were sold over asking.
Days on Market for 55443, MN
How long does it take to sell a home in 55443, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 33 Days | -39.5% |
Summary: Homes in 55443 had an average of 33 days on market in Mar 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 55443; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.