$4,713 Closing Credit*
$396,900
1,980 SqFt
4 Beds
•1 Full Bath
Listing Office: Wright-Sherburne Realty
Is 55303, 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, 55303 has remained a Seller's Market.
Key Takeaway
55303 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55303, MN
How much do homes in 55303, MN cost?
Median Sold Price
$359,996
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,986(-1.4%)
Key Takeaway
Homes in 55303 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 55303 was $359,996 in November 2024, down 1.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $262K | $259K | -1.1% |
| 3 Bedrooms | $344.9K | $324.9K | -5.8% |
| 4 Bedrooms | $395K | $387K | -2.0% |
| 5+ Bedrooms | $449.9K | $452.9K | +0.7% |
Summary: 55303 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 55303, MN
How many homes are available in 55303, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 231 | 241 | +4.3% |
Summary: The 55303 real estate market had 241 homes for sale in November 2024, a 4.3% 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 | 32 | 27 | -15.6% |
| 3 Bedrooms | 81 | 87 | +7.4% |
| 4 Bedrooms | 72 | 80 | +11.1% |
| 5+ Bedrooms | 46 | 47 | +2.2% |
Summary: The 55303 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 decreased by 15.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 53 | +12.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55303, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in 55303 in November 2024, up by 12.8% month-over-month. Of the 53 sold homes, 43% were sold under asking, 25% were sold at asking, and 32% were sold over asking.
Days on Market for 55303, MN
How long does it take to sell a home in 55303, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 42 Days | +5.4% |
Summary: Homes in 55303 had an average of 42 days on market in Nov 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55303 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 53 homes were sold in 55303; 53% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
