Is 55744, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 55744 has remained a Seller's Market.
Key Takeaway
55744 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55744, MN
How much do homes in 55744, MN cost?
Median Sold Price
$260,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 55744 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 55744 was $260,000 in April 2024, up 4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $121.8K | +6.0% |
| 2 Bedrooms | $222.5K | $230K | +3.4% |
| 3 Bedrooms | $230K | $229.8K | -0.1% |
| 4 Bedrooms | $305K | $311K | +2.0% |
| 5+ Bedrooms | $309K | $525K | +69.9% |
Summary: 55744 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 69.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55744 | $250K | $260K | +4.0% |
| 55721 | $296K | $290.5K | -1.9% |
| 55709 | $211.7K | $206.5K | -2.5% |
Housing Supply in 55744, MN
How many homes are available in 55744, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 75 | +29.3% |
Summary: The 55744 real estate market had 75 homes for sale in April 2024, a 29.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 18 | +50.0% |
| 3 Bedrooms | 29 | 35 | +20.7% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 55744 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55744, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 55744 in April 2024, up by 63.6% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.
Days on Market for 55744, MN
How long does it take to sell a home in 55744, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 57 Days | -12.1% |
Summary: Homes in 55744 had an average of 57 days on market in Apr 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55744 has remained consistent over time.
Summary: During April 2024, 18 homes were sold in 55744; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
