Is 55748, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 55748 was a Buyer's Market.
Housing Prices in 55748, MN
How much do homes in 55748, MN cost?
Median Sold Price
$185,950
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 55748 was $185,950 in May 2024, up 8.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $119.9K | -29.1% |
2 Bedrooms | $126K | $160K | +27.0% |
3 Bedrooms | $172K | $240.5K | +39.8% |
4 Bedrooms | $259.2K | $238.5K | -8.0% |
5+ Bedrooms | $415K | - | N/A |
Summary: 55748 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.1%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 39.8%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
55748 | $172K | $185.9K | +8.1% |
55744 | $249.9K | $268K | +7.2% |
55721 | $300K | $291K | -3.0% |
Housing Supply in 55748, MN
How many homes are available in 55748, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Summary: The 55748 real estate market had 13 homes for sale in May 2024, a 30.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55748 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 55748 in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55748, MN
How long does it take to sell a home in 55748, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 41 Days | +173.3% |
Summary: Homes in 55748 had an average of 41 days on market in May 2024, up by 173.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in 55748; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.