Is 55936, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55936 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 55936 was a Neutral Market.

Key Takeaway

55936 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55936, MN cost?

Median Sold Price

$168,450

$124/sqft

Based on all homes sold in February 2023.

Difference Since Last Month

-$87,250(-34.1%)

Key Takeaway

Homes in 55936 have sold for 34.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJan 2023Feb 2023%
1 --
N/A
2 -$167.9K
N/A
3 $255.7K-
N/A
4 -$168.4K
N/A
5+ --
N/A

How many homes are available in 55936, MN?

Number of Homes For Sale

Jan 2023Feb 2023%
78+14.3%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 22
0.0%
3 23
+50.0%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Jan 2023Feb 2023%
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55936, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Jan 2023Feb 2023%
8 Days69 Days+768.8%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55936 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 55936, MN

55936, MN has 8 homes on the market. Between January 2023 and February 2023, 55936, MN real estate market has seen increase in the number of listings by 14.3%. Listings spent 69 days on the market in February 2023, and had a median list price of $168,450 during the same period. Between February 2022 and February 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 0%, prices of 4 bedrooms properties increased by 0%, 5 bedrooms properties became 0% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory increased by 50%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory did not change. In February 2023, from all listings sold in 55936, MN there were more than 2 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.