Is 55446, 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, 55446 has remained a Seller's Market.
Key Takeaway
55446 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55446, MN
How much do homes in 55446, MN cost?
Median Sold Price
$677,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 55446 have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in 55446 was $677,500 in April 2024, up 15.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.8K | $171K | +18.1% |
| 2 Bedrooms | $285K | $280K | -1.8% |
| 3 Bedrooms | $429K | $431K | 0.5% |
| 4 Bedrooms | $642.5K | $698K | +8.6% |
| 5+ Bedrooms | $854.7K | $950K | +11.1% |
Summary: 55446 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 55446, MN
How many homes are available in 55446, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 153 | 185 | +20.9% |
Summary: The 55446 real estate market had 185 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 31 | 35 | +12.9% |
| 5+ Bedrooms | 64 | 89 | +39.1% |
Summary: The 55446 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 40 | +48.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55446, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 55446 in April 2024, up by 48.1% month-over-month. Of the 40 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% were sold over asking.
Days on Market for 55446, MN
How long does it take to sell a home in 55446, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 39 Days | -25.7% |
Summary: Homes in 55446 had an average of 39 days on market in Apr 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55446 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 40 homes were sold in 55446; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
