Is 55806, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55806 has remained a Seller's Market.
Housing Prices in 55806, MN
How much do homes in 55806, MN cost?
Median Sold Price
$215,000
$182/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 55806 was $215,000 in April 2024, up 22.5% from last month, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $140K | $215K | +53.6% |
3 Bedrooms | $176K | $195.7K | +11.2% |
4 Bedrooms | - | $570K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 55806 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
55806 | $175.5K | $215K | +22.5% |
55811 | $348.5K | $359.5K | +3.2% |
55807 | $216K | $199.1K | -7.8% |
55805 | $190K | $165K | -13.2% |
55802 | $655K | $463K | -29.3% |
Housing Supply in 55806, MN
How many homes are available in 55806, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 26 | +18.2% |
Summary: The 55806 real estate market had 26 homes for sale in April 2024, a 18.2% 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 | 9 | 13 | +44.4% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 55806 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 44.4%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 55806 in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 55806, MN
How long does it take to sell a home in 55806, MN?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 16 Days | +9.1% |
Summary: Homes in 55806 had an average of 16 days on market in Apr 2024, up by 9.1% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 55806; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.