Is 55917, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 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.
Housing Prices in 55917, MN
How much do homes in 55917, MN cost?
Median Sold Price
$198,750
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 55917 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 55917 was $198,750 in April 2024, up 0.9% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $170K | $140K | -17.6% |
| 3 Bedrooms | $180K | $176.5K | -1.9% |
| 4 Bedrooms | $231.5K | $252.5K | +9.1% |
| 5+ Bedrooms | $561K | $232K | -58.6% |
Summary: 55917 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 58.6%.
Median Sold Price Compared To Nearby Zip Codes
| 55917 | $197K | $198.7K | +0.9% |
| 55924 | $265.4K | $200K | -24.7% |
Housing Supply in 55917, MN
How many homes are available in 55917, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The 55917 real estate market had 13 homes for sale in April 2024, a 8.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55917 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55917, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55917 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 55917, MN
How long does it take to sell a home in 55917, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 44 Days | +16.7% |
Summary: Homes in 55917 had an average of 44 days on market in Apr 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55917 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 55917; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
