$4,203 Closing Credit*
$353,900
1,794 SqFt
4 Beds
•3 Full Baths
Listing Office: LGI Realty-Minnesota, LLC
Is 55302, 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, 55302 has remained a Seller's Market.
Key Takeaway
55302 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55302, MN
How much do homes in 55302, MN cost?
Median Sold Price
$382,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$23,250(-5.7%)
Key Takeaway
Homes in 55302 have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in 55302 was $382,000 in November 2024, down 5.7% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | $445K | -22.6% |
| 2 Bedrooms | $420K | $375K | -10.7% |
| 3 Bedrooms | $380K | $344.9K | -9.2% |
| 4 Bedrooms | $357.5K | $406.4K | +13.7% |
| 5+ Bedrooms | $479K | $413.9K | -13.6% |
Summary: 55302 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 13.6%.
Housing Supply in 55302, MN
How many homes are available in 55302, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 51 | -8.9% |
Summary: The 55302 real estate market had 51 homes for sale in November 2024, a 8.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 55302 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55302, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 55302 in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for 55302, MN
How long does it take to sell a home in 55302, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 53 Days | +87.7% |
Summary: Homes in 55302 had an average of 53 days on market in Nov 2024, up by 87.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55302 has remained consistent over time.
Summary: During November 2024, 11 homes were sold in 55302; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
