Is 55735, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 55735 was a Seller's Market.
Key Takeaway
55735 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55735, MN
How much do homes in 55735, MN cost?
Median Sold Price
$348,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 55735 have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in 55735 was $348,000 in March 2024, up 22.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $148K | -43.1% |
| 2 Bedrooms | $255K | $285K | +11.8% |
| 3 Bedrooms | $329.9K | $375.4K | +13.8% |
| 4 Bedrooms | $348.9K | $468.7K | +34.3% |
| 5+ Bedrooms | - | $650K | N/A |
Summary: 55735 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes did not change.
Housing Supply in 55735, MN
How many homes are available in 55735, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Summary: The 55735 real estate market had 17 homes for sale in March 2024, a 54.5% 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 | 4 | 9 | +125.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 55735 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 increased by 125%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55735, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 55735 in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55735, MN
How long does it take to sell a home in 55735, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 104 Days | 7 Days | -93.3% |
Summary: Homes in 55735 had an average of 7 days on market in Mar 2024, down by 93.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55735 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in 55735; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
