Is 55810, 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, 55810 has remained a Seller's Market.
Key Takeaway
55810 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55810, MN
How much do homes in 55810, MN cost?
Median Sold Price
$250,500
$164/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 55810 have sold for 9.6% less than they did a month ago.
Summary: The median home sold price in 55810 was $250,500 in April 2024, down 9.6% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $183K | -36.9% |
| 3 Bedrooms | $270K | $250.5K | -7.2% |
| 4 Bedrooms | $316.5K | $335K | +5.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55810 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 decreased by 36.9%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55811 | $348.5K | $359.5K | +3.2% |
| 55808 | $189.9K | $180K | -5.2% |
| 55807 | $216K | $199.1K | -7.8% |
| 55810 | $277.2K | $250.5K | -9.6% |
Housing Supply in 55810, MN
How many homes are available in 55810, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Summary: The 55810 real estate market had 28 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55810 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55810, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 55810 in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 55810, MN
How long does it take to sell a home in 55810, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 22 Days | -67.4% |
Summary: Homes in 55810 had an average of 22 days on market in Apr 2024, down by 67.4% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55810 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 55810; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
