Is 55940, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 55940 is a seller's market


Difference Since February 2022

Since last year, 55940 has remained a Seller's Market.

Key Takeaway

55940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55940, MN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 55940 have sold for 11.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 --
2 $173K$149.9K
3 $207.5K$204.9K
4 $294.5K$253.4K
5+ $440K$447.4K

Median Sold Price Compared To Nearby Zip Codes


How many homes are available in 55940, MN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 00
3 44
4 45
5+ 11

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55940, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
89 Days79 Days-11.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55940 has remained consistent over time.

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

About 55940, MN

Homes for sale in 55940, MN have reached 10. The inventory of homes for sale in 55940, MN between January 2023 and February 2023 increased by 11.1%. In February 2023, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $209,900. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 13.3%, the cost of 3 bedrooms properties went down by 1.3%, the cost of 4 bedrooms properties went down by 13.9%, prices of 5 bedrooms properties increased by 1.7%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes did not move, 4 bedrooms homes inventory increased by 25%, 5 bedrooms homes inventory did not change. In February 2023 more than 1 listings in 55940, MN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below.