Is 55446, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55446 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55446 has remained a Seller's Market.

Key Takeaway

55446 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55446, MN cost?

Median Sold Price

$558,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$49,913(+9.8%)

Key Takeaway

Homes in 55446 have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $119.2K$120K
+0.6%
2 $235K$264.5K
+12.6%
3 $389.9K$410K
+5.2%
4 $540K$585K
+8.3%
5+ $694.8K$739.2K
+6.4%

Median Sold Price Compared To Nearby Zip Codes

55447
+19.8%
55340
+15.0%
55446
+9.8%
55442
+7.0%
55441
+5.9%

How many homes are available in 55446, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
131108-17.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 1818
0.0%
3 3726
-29.7%
4 3430
-11.8%
5+ 4234
-19.0%

Number of Homes Sold

Nov 2021Dec 2021%
4827-43.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55446, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
22 Days16 Days-25.1%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55446 are selling fast, if you're buying plan to act quickly.

About 55446, MN

Number of homes for sale in 55446, MN real estate market have reached 108. The number of listings in 55446, MN decreased by 17.6% between November 2021 and December 2021. In December 2021 median list price was $558,000 and the average listing age was 16 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0.6% more expensive, prices of 2 bedrooms properties went up by 12.6%, 3 bedrooms properties became 5.2% more expensive, prices of 4 bedrooms properties went up by 8.3%, prices of 5 bedrooms properties went up by 6.4%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 29.7% less available, 4 bedrooms homes inventory decreased by 11.8%, 5 bedrooms homes became 19% less available. In December 2021, from all listings sold in 55446, MN there were more than 12 sold above asking price, over 8 sold below and more than 7 were sold right at the asked price.