$8,609 Closing Credit*
$725,000
2,544 SqFt
4 Beds
•3 Full Baths
Listing Office: Keller Williams Premier Realty
Is 55084, 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, 55084 was a Buyer's Market.
Key Takeaway
55084 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55084, MN
How much do homes in 55084, MN cost?
Median Sold Price
$336,250
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,750(+10.8%)
Key Takeaway
Homes in 55084 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 55084 was $336,250 in October 2024, up 10.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $347K | $280K | -19.3% |
| 3 Bedrooms | $389.9K | $319K | -18.2% |
| 4 Bedrooms | $283.5K | $430K | +51.7% |
| 5+ Bedrooms | $374.5K | $530K | +41.5% |
Summary: 55084 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 51.7%, and 5+ bedroom homes increased by 41.5%.
Housing Supply in 55084, MN
How many homes are available in 55084, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The 55084 real estate market had 15 homes for sale in October 2024, a 7.1% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55084 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55084, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55084 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 55084, MN
How long does it take to sell a home in 55084, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 28 Days | -58.1% |
Summary: Homes in 55084 had an average of 28 days on market in Oct 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55084 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 55084; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
