Is 55436, 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, 55436 has remained a Seller's Market.
Key Takeaway
55436 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55436, MN
How much do homes in 55436, MN cost?
Median Sold Price
$569,750
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 55436 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 55436 was $569,750 in April 2024, up 3.6% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $179K | +15.5% |
| 2 Bedrooms | $225K | $262.4K | +16.6% |
| 3 Bedrooms | $502.5K | $510K | +1.5% |
| 4 Bedrooms | $711K | $725K | +2.0% |
| 5+ Bedrooms | $1.1M | $1.3M | +14.0% |
Summary: 55436 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 14%.
Housing Supply in 55436, MN
How many homes are available in 55436, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 94 | 111 | +18.1% |
Summary: The 55436 real estate market had 111 homes for sale in April 2024, a 18.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 17 | +21.4% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The 55436 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55436, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 55436 in April 2024, up by 28.6% month-over-month. Of the 27 sold homes, 30% were sold under asking, 19% were sold at asking, and 52% were sold over asking.
Days on Market for 55436, MN
How long does it take to sell a home in 55436, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 96 Days | 25 Days | -73.6% |
Summary: Homes in 55436 had an average of 25 days on market in Apr 2024, down by 73.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55436 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in 55436; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
