$7,481 Closing Credit*
$629,990
2,439 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Lennar Sales Corp
Is 55076, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55076 has remained a Seller's Market.
Key Takeaway
55076 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55076, MN
How much do homes in 55076, MN cost?
Median Sold Price
$307,388
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,388(+0.5%)
Key Takeaway
The sold price of homes in 55076 has remained the same since last year.
Summary: The median home sold price in 55076 was $307,388 in October 2024, up 0.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160.3K | $210K | +31.0% |
| 2 Bedrooms | $257K | $257.5K | 0.2% |
| 3 Bedrooms | $316.5K | $325K | +2.7% |
| 4 Bedrooms | $376.5K | $399.9K | +6.2% |
| 5+ Bedrooms | $611K | $497.7K | -18.5% |
Summary: 55076 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 18.5%.
Housing Supply in 55076, MN
How many homes are available in 55076, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 80 | +11.1% |
Summary: The 55076 real estate market had 80 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 30 | 37 | +23.3% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 55076 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55076, you may be able to get a good deal. 35% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 55076 in October 2024, up by 42.9% month-over-month. Of the 20 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for 55076, MN
How long does it take to sell a home in 55076, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 39 Days | -5.8% |
Summary: Homes in 55076 had an average of 39 days on market in Oct 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55076 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 55076; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
