Is 55946, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 55946 has remained a Seller's Market.
Key Takeaway
55946 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55946, MN
How much do homes in 55946, MN cost?
Median Sold Price
$250,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 55946 have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in 55946 was $250,000 in April 2024, up 19.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $70K | N/A |
| 2 Bedrooms | $263.7K | $250K | -5.2% |
| 3 Bedrooms | $198.5K | $215K | +8.3% |
| 4 Bedrooms | $214.4K | $262.4K | +22.4% |
| 5+ Bedrooms | $475K | $470K | -1.1% |
Summary: 55946 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Zip Codes
| 55946 | $209K | $250K | +19.6% |
| 55983 | $229.8K | $265K | +15.3% |
| 55985 | $190K | $186.7K | -1.7% |
Housing Supply in 55946, MN
How many homes are available in 55946, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The 55946 real estate market had 12 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 55946 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55946, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55946 in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 55946, MN
How long does it take to sell a home in 55946, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 15 Days | -62.9% |
Summary: Homes in 55946 had an average of 15 days on market in Apr 2024, down by 62.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55946 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 55946; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
