Is 55760, 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, 55760 has remained a Seller's Market.
Key Takeaway
55760 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55760, MN
How much do homes in 55760, MN cost?
Median Sold Price
$302,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 55760 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 55760 was $302,000 in April 2024, up 8.2% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $159K | -9.1% |
| 2 Bedrooms | $230K | $315K | +37.0% |
| 3 Bedrooms | $296K | $304.9K | +3.0% |
| 4 Bedrooms | $384.9K | $293K | -23.9% |
| 5+ Bedrooms | $1.0M | $180K | -82.9% |
Summary: 55760 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 23.9%, and 5+ bedroom homes decreased by 82.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55760 | $279K | $302K | +8.2% |
| 56431 | $287K | $275K | -4.2% |
Housing Supply in 55760, MN
How many homes are available in 55760, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Summary: The 55760 real estate market had 26 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55760 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55760, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 55760 in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for 55760, MN
How long does it take to sell a home in 55760, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 83 Days | +12.0% |
Summary: Homes in 55760 had an average of 83 days on market in Apr 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 55760 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 7 homes were sold in 55760; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
