Is 55428, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 55428 has remained a Seller's Market.
Housing Prices in 55428, MN
How much do homes in 55428, MN cost?
Median Sold Price
$309,666
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 55428 was $309,666 in April 2024, up 5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73K | $69.5K | -4.8% |
2 Bedrooms | $233K | $255.5K | +9.7% |
3 Bedrooms | $290K | $300K | +3.4% |
4 Bedrooms | $330K | $335K | +1.5% |
5+ Bedrooms | $379K | $366.9K | -3.2% |
Summary: 55428 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 55428, MN
How many homes are available in 55428, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 105 | +12.9% |
Summary: The 55428 real estate market had 105 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 14 | -12.5% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 55428 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 55428 in April 2024, up by 12.0% month-over-month. Of the 28 sold homes, 14% were sold under asking, 25% were sold at asking, and 61% were sold over asking.
Days on Market for 55428, MN
How long does it take to sell a home in 55428, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 27 Days | +15.3% |
Summary: Homes in 55428 had an average of 27 days on market in Apr 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in 55428; 86% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.