Is 55806, 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, 55806 has remained a Seller's Market.
Housing Prices in 55806, MN
How much do homes in 55806, MN cost?
Median Sold Price
$175,500
$134/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in 55806 was $175,500 in March 2024, down 19.6% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240.5K | $140K | -41.8% |
3 Bedrooms | $163K | $176K | +8.0% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $225.5K | - | N/A |
Summary: 55806 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 decreased by 41.8%, 3 bedroom homes increased by 8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
55811 | $209.9K | $319.5K | +52.2% |
55802 | $465K | $655K | +40.9% |
55807 | $210.4K | $216K | +2.6% |
55806 | $218.2K | $175.5K | -19.6% |
Housing Supply in 55806, MN
How many homes are available in 55806, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Summary: The 55806 real estate market had 21 homes for sale in March 2024, a 40.0% 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 | 5 | 8 | +60.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 55806 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 60%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 55806 in March 2024, the same as the previous month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55806, MN
How long does it take to sell a home in 55806, MN?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 14 Days | -53.4% |
Summary: Homes in 55806 had an average of 14 days on market in Mar 2024, down by 53.4% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 55806; 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.