Is 55975, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55975 is a seller's market

Buyer's
Market

Difference Since December 2020

At the same time last year, 55975 was a Neutral Market.

Key Takeaway

55975 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55975, MN cost?

Median Sold Price

$153,900

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$25,600(-14.3%)

Key Takeaway

Homes in 55975 have sold for 14.3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$92.5K
N/A
2 $120K$171K
+42.5%
3 $165K$147.4K
-10.6%
4 $212.4K$186K
-12.4%
5+ $257.5K$78.5K
-69.5%

How many homes are available in 55975, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
1716-5.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 56
+20.0%
3 65
-16.7%
4 32
-33.3%
5+ 33
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55975, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
143 Days48 Days-66.3%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55975 are selling fast, if you're buying plan to act quickly.

About 55975, MN

55975, MN has 16 homes for sale to choose from. The number of homes for sale in 55975, MN decreased by 5.9% between November 2021 and December 2021. While the average time on the market in December 2021 was 48 days, the median list price was $153,900. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 42.5% more expensive, 3 bedrooms properties prices decreased by 10.6%, prices of 4 bedrooms properties went down by 12.4%, 5 bedrooms properties became 69.5% more cheaper. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 20%, number of 3 bedrooms homes decreased by 16.7%, 4 bedrooms homes became 33.3% less available, the quantity of 5 bedrooms homes have not changed. Over 1 listings were sold over their listed price in December 2021 in 55975, MN. In the same period over 3 listings were sold below the listed price and 1 listings were sold for the listed price.