Is 55912, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 55912 has remained a Seller's Market.
Housing Prices in 55912, MN
How much do homes in 55912, MN cost?
Median Sold Price
$179,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55912 was $179,000 in March 2024, up 5.4% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74.9K | $56.7K | -24.3% |
2 Bedrooms | $128.7K | $144.7K | +12.4% |
3 Bedrooms | $170K | $169.9K | -0.1% |
4 Bedrooms | $257K | $294K | +14.4% |
5+ Bedrooms | $345K | $287.5K | -16.7% |
Summary: 55912 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 16.7%.
Housing Supply in 55912, MN
How many homes are available in 55912, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 95 | +2.2% |
Summary: The 55912 real estate market had 95 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 32 | 35 | +9.4% |
4 Bedrooms | 28 | 24 | -14.3% |
5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 55912 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 29.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 17 | -34.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 55912 in March 2024, down by 34.6% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for 55912, MN
How long does it take to sell a home in 55912, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 59 Days | -12.4% |
Summary: Homes in 55912 had an average of 59 days on market in Mar 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 55912; 35% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.