Is 55904, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 55904 was a Seller's Market.
Key Takeaway
55904 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in 55904, MN cost?
Median Sold Price
$260,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$15,000(+6.1%)
Key Takeaway
Homes in 55904 have sold for 6.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $120K | $165K | +37.5% |
| 2 Bedrooms | $182.6K | $215K | +17.7% |
| 3 Bedrooms | $233K | $239.5K | +2.8% |
| 4 Bedrooms | $295K | $342K | +15.9% |
| 5+ Bedrooms | $449.9K | $490K | +8.9% |
How many homes are available in 55904, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 60 | 60 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55904, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 36 Days | 37 Days | +4.6% |
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55904 has remained consistent over time.
