$4,630 Closing Credit*
$389,900
1,625 SqFt
3 Beds
•1 Full Bath
Listing Office: eHouse Realty, Inc
Is 55076, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$300,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-3.2%)
Key Takeaway
Homes in 55076 have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in 55076 was $300,000 in November 2024, down 3.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160.3K | $210K | +31.0% |
| 2 Bedrooms | $257K | $255K | -0.8% |
| 3 Bedrooms | $318.9K | $327.5K | +2.7% |
| 4 Bedrooms | $415.5K | $392K | -5.7% |
| 5+ Bedrooms | $611K | $505.1K | -17.3% |
Summary: 55076 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 17.3%.
Housing Supply in 55076, MN
How many homes are available in 55076, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 76 | +2.7% |
Summary: The 55076 real estate market had 76 homes for sale in November 2024, a 2.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 33 | 34 | +3.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 55076 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55076, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 55076 in November 2024, up by 20.0% month-over-month. Of the 24 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 40 Days | -13.9% |
Summary: Homes in 55076 had an average of 40 days on market in Nov 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 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 November 2024, 24 homes were sold in 55076; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
