Is 55949, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55949 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 55949 has remained a Seller's Market.

Key Takeaway

55949 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55949, MN cost?

Median Sold Price

$216,500

$140/sqft

Based on all homes sold in December 2021.

Difference Since Last Month

-$137,100(-38.8%)

Key Takeaway

Homes in 55949 have sold for 38.8% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Dec 2021%
1 --
N/A
2 --
N/A
3 $316.8K$216.5K
-31.7%
4 $371K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

55965
-20.7%
55949
-38.8%

How many homes are available in 55949, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
85-37.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 53
-40.0%
4 21
-50.0%
5+ 11
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55949, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Dec 2021%
33 Days78 Days+135.5%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55949 has remained consistent over time.

About 55949, MN

Homes for sale in 55949, MN have reached 5. In December 2021 in 55949, MN there were 37.5% less homes for sale than in November 2021. In December 2021, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $216,500. Real estate listing prices changed between December 2020 and December 2021: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, 3 bedrooms properties prices decreased by 31.7%, prices of 4 bedrooms properties increased by 0%, the cost of 5 bedrooms properties went up by 0%. 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, 3 bedrooms homes inventory decreased by 40%, 4 bedrooms homes became 50% less available, 5 bedrooms homes did not move. Over 0 listings were sold over their listed price in December 2021 in 55949, MN. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.