Is 55920, 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, 55920 was a Neutral Market.
Key Takeaway
55920 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 55920, MN cost?
Median Sold Price
$375,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$35,000(+10.3%)
Key Takeaway
Homes in 55920 have sold for 10.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $282.5K | +2.7% |
| 3 Bedrooms | $251.5K | $316.7K | +25.9% |
| 4 Bedrooms | $350K | $415.2K | +18.6% |
| 5+ Bedrooms | $529.5K | $465K | -12.2% |
How many homes are available in 55920, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 45 | 46 | +2.2% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55920, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 34 Days | 74 Days | +114.8% |
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55920 has remained consistent over time.
