$2,363 Closing Credit*
$199,000
838 SqFt
1 Bed
•1 Full Bath
Listing Office: Kris Lindahl Real Estate
Is 55092, 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, 55092 has remained a Seller's Market.
Key Takeaway
55092 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55092, MN
How much do homes in 55092, MN cost?
Median Sold Price
$375,000
$191/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in 55092 has remained the same since last year.
Summary: The median home sold price in 55092 was $375,000 in October 2024, the same as last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.7K | $209.5K | -6.8% |
| 2 Bedrooms | $305K | $302.5K | -0.8% |
| 3 Bedrooms | $349.8K | $367.4K | +5.0% |
| 4 Bedrooms | $405K | $395K | -2.5% |
| 5+ Bedrooms | $651.2K | $480K | -26.3% |
Summary: 55092 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 26.3%.
Housing Supply in 55092, MN
How many homes are available in 55092, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 44 | +18.9% |
Summary: The 55092 real estate market had 44 homes for sale in October 2024, a 18.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 55092 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 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 17 | +142.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55092, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 55092 in October 2024, up by 142.9% month-over-month. Of the 17 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% were sold over asking.
Days on Market for 55092, MN
How long does it take to sell a home in 55092, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 42 Days | +53.8% |
Summary: Homes in 55092 had an average of 42 days on market in Oct 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55092 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 55092; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
