Is 55917, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55917 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 55917 has remained a Seller's Market.

Key Takeaway

55917 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55917, MN cost?

Median Sold Price

$176,125

$66/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$153,875(-46.6%)

Key Takeaway

Homes in 55917 have sold for 46.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $234K$176.1K
-24.7%
4 --
N/A
5+ $350K-
N/A

Median Sold Price Compared To Nearby Zip Codes

56045
+436.8%
55924
+240.0%
56026
+5.9%
55917
-46.6%

How many homes are available in 55917, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
107-30.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 86
-25.0%
4 11
0.0%
5+ 10
-100.0%

Number of Homes Sold

Nov 2021Dec 2021%
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55917, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Dec 2021%
19 Days20 Days+1.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55917 are selling fast, if you're buying plan to act quickly.

About 55917, MN

55917, MN has 7 homes on the market. The number of homes for sale in 55917, MN decreased by 30% between November 2021 and December 2021. While the average time on the market in December 2021 was 20 days, the median list price was $176,125. From December 2020 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties became 24.7% more cheaper, 4 bedrooms properties became 0% more expensive, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 25%, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes went down by 100%. Over 2 listings were sold over their listed price in December 2021 in 55917, MN. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.