Is 55960, 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, 55960 was a Seller's Market.
Housing Prices in 55960, MN
How much do homes in 55960, MN cost?
Median Sold Price
$515,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55960 was $515,000 in April 2024, up 9.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98K | $180K | +83.7% |
2 Bedrooms | $310K | $365K | +17.7% |
3 Bedrooms | $399.9K | $412.5K | +3.1% |
4 Bedrooms | $592K | $519.9K | -12.2% |
5+ Bedrooms | $700K | $807.5K | +15.4% |
Summary: 55960 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.7%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in 55960, MN
How many homes are available in 55960, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The 55960 real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55960 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 2 | -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
Summary: A total of 2 homes were sold or pending in 55960 in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55960, MN
How long does it take to sell a home in 55960, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 109 Days | +34.4% |
Summary: Homes in 55960 had an average of 109 days on market in Apr 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in 55960; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.