Is 55804, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55804 has remained a Seller's Market.
Housing Prices in 55804, MN
How much do homes in 55804, MN cost?
Median Sold Price
$603,000
$260/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in 55804 was $603,000 in March 2024, up 201.5% from last month, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $190K | $385K | +102.6% |
3 Bedrooms | $200K | $666K | +233.0% |
4 Bedrooms | $312.5K | $825K | +164.0% |
5+ Bedrooms | - | - | N/A |
Summary: 55804 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 102.6%, 3 bedroom homes increased by 233%, 4 bedroom homes increased by 164%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
55804 | $200K | $603K | +201.5% |
55812 | $299.5K | $550K | +83.6% |
55616 | $290K | $262.5K | -9.5% |
Housing Supply in 55804, MN
How many homes are available in 55804, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 41 | +5.1% |
Summary: The 55804 real estate market had 41 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 55804 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 decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 14 | +55.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 55804 in March 2024, up by 55.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for 55804, MN
How long does it take to sell a home in 55804, MN?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 9 Days | -56.7% |
Summary: Homes in 55804 had an average of 9 days on market in Mar 2024, down by 56.7% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 55804; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.