Is 55723, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55723 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55723 has remained a Seller's Market.

Key Takeaway

55723 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55723, MN cost?

Median Sold Price

$344,000

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$29,000(+9.2%)

Key Takeaway

Homes in 55723 have sold for 9.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $210K$189.2K
-9.9%
2 $219K$338K
+54.3%
3 $339K$430K
+26.8%
4 $460K$524K
+13.9%
5+ $1.0M-
N/A

Median Sold Price Compared To Nearby Zip Codes

55723
+9.2%
56628
+6.1%

How many homes are available in 55723, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
1512-20.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 22
0.0%
2 43
-25.0%
3 53
-40.0%
4 33
0.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
43-25.0%

Asking Price vs. Sold Price

1 Home Was 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 55723, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Average Sale Time

Dec 2020Dec 2021%
255 Days95 Days-62.6%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55723 has remained consistent over time.

About 55723, MN

There are 12 homes are for sale in 55723, MN real estate market. The number of homes for sale in 55723, MN decreased by 20% between November 2021 and December 2021. Listings spent 95 days on the market in December 2021, and had a median list price of $344,000 during the same period. Real estate listing prices changed between November 2021 and December 2021: the cost of 1 bedroom properties went down by 9.9%, prices of 2 bedrooms properties went up by 54.3%, prices of 3 bedrooms properties increased by 26.8%, prices of 4 bedrooms properties went up by 13.9%, 5 bedrooms properties prices increased by 0%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 25% less available, number of 3 bedrooms homes decreased by 40%, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes have not changed. In December 2021 more than 0 listings in 55723, 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.