$5,770 Closing Credit*
$485,900
2,242 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is 55303, 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, 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
$359,575
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,299(-0.9%)
Key Takeaway
Homes in 55303 have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in 55303 was $359,575 in October 2024, down 0.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $263K | $259.4K | -1.3% |
| 3 Bedrooms | $340K | $326.9K | -3.8% |
| 4 Bedrooms | $388.9K | $389.9K | 0.2% |
| 5+ Bedrooms | $449.9K | $452.9K | +0.7% |
Summary: 55303 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 0.2%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 215 | 255 | +18.6% |
Summary: The 55303 real estate market had 255 homes for sale in October 2024, a 18.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 30 | 34 | +13.3% |
| 3 Bedrooms | 85 | 94 | +10.6% |
| 4 Bedrooms | 70 | 77 | +10.0% |
| 5+ Bedrooms | 30 | 50 | +66.7% |
Summary: The 55303 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 13.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55303, expect to pay close to the asking price. 37.8% of homes here sold near the asking price last month.
Summary: A total of 45 homes were sold or pending in 55303 in October 2024, up by 7.1% month-over-month. Of the 45 sold homes, 27% were sold under asking, 38% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 37 Days | +26.1% |
Summary: Homes in 55303 had an average of 37 days on market in Oct 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
13 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 October 2024, 45 homes were sold in 55303; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
