$199,000
Land
Listing Office: Whitetail Properties Real
Is 55072, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55072 was a Seller's Market.
Key Takeaway
55072 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55072, MN
How much do homes in 55072, MN cost?
Median Sold Price
$259,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,500(+33.9%)
Key Takeaway
Homes in 55072 have sold for 33.9% more than they did a year ago.
Summary: The median home sold price in 55072 was $259,000 in October 2024, up 33.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $92.5K | -13.6% |
| 2 Bedrooms | $192.5K | $159.9K | -16.9% |
| 3 Bedrooms | $245.5K | $292.4K | +19.1% |
| 4 Bedrooms | $181.5K | $355K | +95.6% |
| 5+ Bedrooms | $241.7K | $400K | +65.5% |
Summary: 55072 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 95.6%, and 5+ bedroom homes increased by 65.5%.
Median Sold Price Compared To Nearby Zip Codes
| 55072 | $193.5K | $259K | +33.9% |
| 55037 | $195K | $247.7K | +27.1% |
Housing Supply in 55072, MN
How many homes are available in 55072, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The 55072 real estate market had 18 homes for sale in October 2024, a 21.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 55072 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55072, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55072 in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 55072, MN
How long does it take to sell a home in 55072, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 66 Days | +407.7% |
Summary: Homes in 55072 had an average of 66 days on market in Oct 2024, up by 407.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 55072 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in 55072; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
