Is 55807, 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, 55807 has remained a Seller's Market.
Key Takeaway
55807 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55807, MN
How much do homes in 55807, MN cost?
Median Sold Price
$199,155
$168/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 55807 have sold for 7.8% less than they did a month ago.
Summary: The median home sold price in 55807 was $199,155 in April 2024, down 7.8% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $178K | N/A |
| 2 Bedrooms | $189.2K | $199.1K | +5.2% |
| 3 Bedrooms | $212K | $225K | +6.1% |
| 4 Bedrooms | $410.2K | - | N/A |
| 5+ Bedrooms | $372.5K | - | N/A |
Summary: 55807 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 55807, MN
How many homes are available in 55807, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The 55807 real estate market had 19 homes for sale in April 2024, a 5.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 55807 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55807, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 55807 in April 2024, down by 66.7% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55807, MN
How long does it take to sell a home in 55807, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 4 Days | -78.7% |
Summary: Homes in 55807 had an average of 4 days on market in Apr 2024, down by 78.7% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55807 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 55807; 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.
