$6,709 Closing Credit*
$565,000
3,398 SqFt
6 Beds
•2 Full Baths, 1 Partial
Listing Office: Keller Williams Classic Realty
Is 55304, 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, 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
$452,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,933(+2.5%)
Key Takeaway
Homes in 55304 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 55304 was $452,500 in October 2024, up 2.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $183K | -0.5% |
| 2 Bedrooms | $337.5K | $380K | +12.6% |
| 3 Bedrooms | $397K | $384.5K | -3.1% |
| 4 Bedrooms | $449.9K | $480K | +6.7% |
| 5+ Bedrooms | $585K | $551K | -5.8% |
Summary: 55304 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 12.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 55304, MN
How many homes are available in 55304, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 188 | 207 | +10.1% |
Summary: The 55304 real estate market had 207 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 64 | 77 | +20.3% |
| 4 Bedrooms | 78 | 90 | +15.4% |
| 5+ Bedrooms | 40 | 32 | -20.0% |
Summary: The 55304 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 40%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55304, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 55304 in October 2024, down by 4.8% month-over-month. Of the 40 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 36 Days | +26.9% |
Summary: Homes in 55304 had an average of 36 days on market in Oct 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 40 homes were sold in 55304; 60% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
