$975,000
Land
Listing Office: Kubes Realty Inc
Is 55088, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 55088 was a Seller's Market.
Key Takeaway
55088 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 55088, MN
How much do homes in 55088, MN cost?
Median Sold Price
$532,900
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$33,000(+6.6%)
Key Takeaway
Homes in 55088 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 55088 was $532,900 in December 2024, up 6.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $215K | N/A |
| 3 Bedrooms | $437.4K | $402.1K | -8.1% |
| 4 Bedrooms | $508.9K | $725K | +42.5% |
| 5+ Bedrooms | $543.7K | $503.4K | -7.4% |
Summary: 55088 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 55088, MN
How many homes are available in 55088, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The 55088 real estate market had 7 homes for sale in December 2024, a 16.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55088 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 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 55088, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 55088 in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55088, MN
How long does it take to sell a home in 55088, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 172 Days | +829.7% |
Summary: Homes in 55088 had an average of 172 days on market in Dec 2024, up by 829.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 55088 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 1 homes were sold in 55088; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
