Is 55955, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 55955 was a Neutral Market.
Housing Prices in 55955, MN
How much do homes in 55955, MN cost?
Median Sold Price
$405,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55955 was $405,000 in April 2024, up 21.1% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $212K | - | N/A |
3 Bedrooms | $286K | $283K | -1.0% |
4 Bedrooms | $489.9K | $470K | -4.1% |
5+ Bedrooms | $549.9K | $512.5K | -6.8% |
Summary: 55955 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 did not change, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Zip Codes
55955 | $334.4K | $405K | +21.1% |
55927 | $218.4K | $255K | +16.7% |
55944 | $285K | $310K | +8.8% |
55963 | $322.7K | $350.2K | +8.5% |
55985 | $190K | $186.7K | -1.7% |
Housing Supply in 55955, MN
How many homes are available in 55955, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Summary: The 55955 real estate market had 9 homes for sale in April 2024, a 10.0% decrease 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 1 | -66.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55955 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 55955 in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 55955, MN
How long does it take to sell a home in 55955, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 35 Days | -20.7% |
Summary: Homes in 55955 had an average of 35 days on market in Apr 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 55955; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.