Is 55923, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55923 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55923 has remained a Seller's Market.

Key Takeaway

55923 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55923, MN cost?

Median Sold Price

$226,700

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$16,950(+8.1%)

Key Takeaway

Homes in 55923 have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$120.5K
N/A
2 $153K$173K
+13.1%
3 $200K$233.3K
+16.7%
4 $218.2K$262K
+20.1%
5+ $372.5K-
N/A

How many homes are available in 55923, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
129-25.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 10
-100.0%
3 63
-50.0%
4 45
+25.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
53-40.0%

Asking Price vs. Sold Price

1 Home Was 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 55923, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
18 Days30 Days+64.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55923 are selling fast, if you're buying plan to act quickly.

About 55923, MN

Number of homes for sale in 55923, MN real estate market have reached 9. Between November 2021 and December 2021, 55923, MN real estate market has seen decrease in the number of listings by 25%. The median list price of listings available in December 2021 was $226,700, while the average time on the real estate market was 30 days. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 13.1%, 3 bedrooms properties prices increased by 16.7%, 4 bedrooms properties became 20.1% more expensive, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 100%, the quantity of 3 bedrooms homes went down by 50%, 4 bedrooms homes inventory increased by 25%, volume of 5 bedrooms homes stayed the same. 55923, MN housing market in December 2021 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.