$4,452 Closing Credit*
$374,900
1,859 SqFt
4 Beds
•1 Full Bath
Listing Office: GMAX Realty, Inc
Is 55303, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$369,971
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,257(+2.6%)
Key Takeaway
Homes in 55303 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 55303 was $369,971 in December 2024, up 2.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $260K | $261.5K | +0.6% |
| 3 Bedrooms | $339.9K | $325.5K | -4.3% |
| 4 Bedrooms | $390K | $390K | 0.0% |
| 5+ Bedrooms | $449.9K | $454.9K | +1.1% |
Summary: 55303 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 increased by 0.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 55303, MN
How many homes are available in 55303, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 203 | 182 | -10.3% |
Summary: The 55303 real estate market had 182 homes for sale in December 2024, a 10.3% decrease 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 | 24 | 19 | -20.8% |
| 3 Bedrooms | 70 | 64 | -8.6% |
| 4 Bedrooms | 65 | 60 | -7.7% |
| 5+ Bedrooms | 44 | 39 | -11.4% |
Summary: The 55303 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 decreased by 20.8%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 11.4%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 58 | 50 | -13.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55303, you may be able to get a good deal. 46% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 55303 in December 2024, down by 13.8% month-over-month. Of the 50 sold homes, 46% were sold under asking, 26% were sold at asking, and 28% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 38 Days | 36 Days | -5.4% |
Summary: Homes in 55303 had an average of 36 days on market in Dec 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
19 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 December 2024, 50 homes were sold in 55303; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
