Is 55946, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55946 is a neutral's market

Buyer's
Market

Difference Since December 2020

Since last year, 55946 has remained a Neutral Market.

Key Takeaway

55946 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 55946, MN cost?

Median Sold Price

$200,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$8,450(-4.1%)

Key Takeaway

Homes in 55946 have sold for 4.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $219.2K$218.7K
-0.3%
3 $184K$195K
+6.0%
4 $217.4K$269K
+23.8%
5+ $194.5K$240K
+23.4%

Median Sold Price Compared To Nearby Zip Codes

55983
+17.6%
55985
-3.6%
55946
-4.1%

How many homes are available in 55946, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
13130.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 43
-25.0%
3 65
-16.7%
4 13
+200.0%
5+ 22
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
32-33.3%

Asking Price vs. Sold Price

0 Homes Were 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 55946, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
74 Days13 Days-81.9%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55946 are selling fast, if you're buying plan to act quickly.

About 55946, MN

Homes for sale in 55946, MN have reached 13. In December 2021 median list price was $200,000 and the average listing age was 13 days. Listing prices have changed in this real estate market between November 2021 and December 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 0.3%, 3 bedrooms properties prices increased by 6%, 4 bedrooms properties became 23.8% more expensive, prices of 5 bedrooms properties went up by 23.4%. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 25%, 3 bedrooms homes inventory decreased by 16.7%, number of 4 bedrooms homes increased by 200%, volume of 5 bedrooms homes stayed the same. In December 2021, from all listings sold in 55946, MN there were more than 2 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.