$4,103 Closing Credit*
$345,500
1,676 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55304, 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, 55304 has remained a Seller's Market.
Key Takeaway
55304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55304, MN
How much do homes in 55304, MN cost?
Median Sold Price
$459,041
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$20,211(+4.6%)
Key Takeaway
Homes in 55304 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 55304 was $459,041 in December 2024, up 4.6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $183K | -1.1% |
| 2 Bedrooms | $353K | $380K | +7.6% |
| 3 Bedrooms | $387.7K | $399K | +2.9% |
| 4 Bedrooms | $451K | $471.6K | +4.6% |
| 5+ Bedrooms | $581.4K | $570K | -2.0% |
Summary: 55304 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 55304, MN
How many homes are available in 55304, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 148 | 147 | -0.7% |
Summary: The 55304 real estate market had 147 homes for sale in December 2024, a 0.7% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 59 | 59 | 0.0% |
| 4 Bedrooms | 60 | 56 | -6.7% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The 55304 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 increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55304, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 55304 in December 2024, down by 11.8% month-over-month. Of the 30 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for 55304, MN
How long does it take to sell a home in 55304, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 43 Days | 38 Days | -11.6% |
Summary: Homes in 55304 had an average of 38 days on market in Dec 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55304 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 30 homes were sold in 55304; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
