Is 55944, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55944 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55944 has remained a Seller's Market.

Key Takeaway

55944 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55944, MN cost?

Median Sold Price

$272,847

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$22,847(+9.1%)

Key Takeaway

Homes in 55944 have sold for 9.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $95K-
N/A
2 $230.9K$260K
+12.6%
3 $189.9K$234.4K
+23.4%
4 $262.4K$300K
+14.3%
5+ $332.5K$386K
+16.1%

Median Sold Price Compared To Nearby Zip Codes

55920
+24.1%
55927
+11.7%
55944
+9.1%

How many homes are available in 55944, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
3028-6.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 77
0.0%
3 65
-16.7%
4 1513
-13.3%
5+ 23
+50.0%

Number of Homes Sold

Nov 2021Dec 2021%
811+37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55944, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Average Sale Time

Dec 2020Dec 2021%
11 Days32 Days+189.7%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55944 are selling fast, if you're buying plan to act quickly.

About 55944, MN

There are 28 homes are for sale in 55944, MN real estate market. The number of homes for sale in 55944, MN decreased by 6.7% between November 2021 and December 2021. In December 2021 median list price was $272,847 and the average listing age was 32 days. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 12.6% more expensive, 3 bedrooms properties became 23.4% more expensive, prices of 4 bedrooms properties went up by 14.3%, prices of 5 bedrooms properties increased by 16.1%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went down by 16.7%, volume of 4 bedrooms homes went down by 13.3%, 5 bedrooms homes became 50% more available. Over 3 listings were sold over their listed price in December 2021 in 55944, MN. In the same period over 2 listings were sold below the listed price and 6 listings were sold for the listed price.