Is 55927, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 55927 was a Buyer's Market.
Housing Prices in 55927, MN
How much do homes in 55927, MN cost?
Median Sold Price
$255,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 55927 was $255,000 in March 2024, up 18.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $80K | -11.0% |
2 Bedrooms | $170.5K | $179K | +5.0% |
3 Bedrooms | $211.9K | $260K | +22.7% |
4 Bedrooms | $287.4K | $270K | -6.1% |
5+ Bedrooms | $431.2K | $299.9K | -30.5% |
Summary: 55927 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 30.5%.
Median Sold Price Compared To Nearby Zip Codes
55927 | $215K | $255K | +18.6% |
55944 | $285K | $314.4K | +10.3% |
55985 | $184.9K | $185K | 0.1% |
Housing Supply in 55927, MN
How many homes are available in 55927, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Summary: The 55927 real estate market had 12 homes for sale in March 2024, a 100.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 0 | 4 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55927 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 55927 in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55927, MN
How long does it take to sell a home in 55927, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
120 Days | 2 Days | -97.8% |
Summary: Homes in 55927 had an average of 2 days on market in Mar 2024, down by 97.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 55927; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.