Is 55705, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55705 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 55705 has remained a Seller's Market.

Key Takeaway

55705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55705, MN cost?

Median Sold Price

$110,000

$66/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$400,000(-78.4%)

Key Takeaway

Homes in 55705 have sold for 78.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $510K$89K
-82.5%
4 -$436K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

55741
+1.3%
55705
-78.4%
55750
-81.9%

How many homes are available in 55705, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
12120.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 01
+100.0%
2 55
0.0%
3 54
-20.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
35+66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55705, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Dec 2021%
79 Days30 Days-62.1%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55705 are selling fast, if you're buying plan to act quickly.

About 55705, MN

Number of homes for sale in 55705, MN real estate market have reached 12. While the average time on the market in December 2021 was 30 days, the median list price was $110,000. This housing market listing prices have changed between December 2020 and December 2021: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties became 82.5% more cheaper, prices of 4 bedrooms properties increased by 0%, 5 bedrooms properties prices increased by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 20% less available, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes did not move. In December 2021 more than 2 listings in 55705, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 1 were sold below.