Is 55706, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55706 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55706 has remained a Seller's Market.

Key Takeaway

55706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55706, MN cost?

Median Sold Price

$110,000

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$22,500(+25.7%)

Key Takeaway

Homes in 55706 have sold for 25.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$168.5K
N/A
2 $78.5K$100K
+27.4%
3 $96.5K$112.4K
+16.5%
4 $71K$193.5K
+172.5%
5+ $150K$304.5K
+103.0%

Median Sold Price Compared To Nearby Zip Codes

55706
+25.7%
55731
+15.1%

How many homes are available in 55706, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
1519+26.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 711
+57.1%
3 55
0.0%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
06+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55706, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
159 Days21 Days-86.3%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55706 are selling fast, if you're buying plan to act quickly.

About 55706, MN

55706, MN has 19 homes for sale to choose from. In December 2021 in 55706, MN there were 26.7% more homes for sale than in November 2021. Listings spent 21 days on the market in December 2021, and had a median list price of $110,000 during the same period. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 27.4%, 3 bedrooms properties became 16.5% more expensive, 4 bedrooms properties prices increased by 172.5%, 5 bedrooms properties became 103% more expensive. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 57.1% more available, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory did not change. Over 0 listings were sold over their listed price in December 2021 in 55706, MN. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price.