Is 55972, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 55972 was a Seller's Market.
Key Takeaway
55972 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 55972, MN cost?
Median Sold Price
$246,250
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$14,750(+6.4%)
Key Takeaway
Homes in 55972 have sold for 6.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197.2K | $212.2K | +7.6% |
| 3 Bedrooms | $205K | $238.7K | +16.4% |
| 4 Bedrooms | $277.7K | $272K | -2.1% |
| 5+ Bedrooms | $329.9K | $400.9K | +21.5% |
Median Sold Price Compared To Nearby Zip Codes
| 55964 | $219K | $235K | +7.3% |
| 55972 | $231.5K | $246.2K | +6.4% |
How many homes are available in 55972, MN?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 10 | 9 | -10.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55972, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 41 Days | 3 Days | -92.7% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55972 are selling fast, if you're buying plan to act quickly.
