Is 55976, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55976 is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, 55976 has remained a Seller's Market.

Key Takeaway

55976 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 55976, MN cost?

Median Sold Price

$249,500

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$17,000(+7.3%)

Key Takeaway

Homes in 55976 have sold for 7.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 -$100K
N/A
2 $164.9K$194K
+17.6%
3 $220K$233.7K
+6.3%
4 $250K$285K
+14.0%
5+ $329.9K$418.4K
+26.8%

Median Sold Price Compared To Nearby Zip Codes

55904
+14.0%
55902
+14.0%
55976
+7.3%
55934
+7.2%

How many homes are available in 55976, MN?

Number of Homes For Sale

Nov 2021Dec 2021%
1921+10.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 01
+100.0%
2 1010
0.0%
3 32
-33.3%
4 45
+25.0%
5+ 23
+50.0%

Number of Homes Sold

Nov 2021Dec 2021%
48+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55976, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
32 Days28 Days-9.8%

Breakdown of Home Sale Times

6 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 55976 are selling fast, if you're buying plan to act quickly.

About 55976, MN

Number of homes for sale in 55976, MN real estate market have reached 21. In December 2021 in 55976, MN there were 10.5% more homes for sale than in November 2021. In December 2021, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $249,500. Real estate listing prices changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 17.6% more expensive, 3 bedrooms properties became 6.3% more expensive, 4 bedrooms properties became 14% more expensive, 5 bedrooms properties prices increased by 26.8%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 100%, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory decreased by 33.3%, 4 bedrooms homes inventory increased by 25%, number of 5 bedrooms homes increased by 50%. While more than 2 listings in 55976, MN in December 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.