$8,608 Closing Credit*
$724,900
1,616 SqFt
3 Beds
•1 Full Bath
Listing Office: Real Broker, LLC
Is 55304, 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, 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
$454,166
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,266(+2.3%)
Key Takeaway
Homes in 55304 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 55304 was $454,166 in November 2024, up 2.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $183K | -1.1% |
| 2 Bedrooms | $339K | $367.5K | +8.4% |
| 3 Bedrooms | $390.5K | $390K | -0.1% |
| 4 Bedrooms | $450.5K | $477.5K | +6.0% |
| 5+ Bedrooms | $581.4K | $560K | -3.7% |
Summary: 55304 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in 55304, MN
How many homes are available in 55304, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 173 | 181 | +4.6% |
Summary: The 55304 real estate market had 181 homes for sale in November 2024, a 4.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 66 | 74 | +12.1% |
| 4 Bedrooms | 73 | 74 | +1.4% |
| 5+ Bedrooms | 28 | 26 | -7.1% |
Summary: The 55304 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 31 | -27.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55304, you may be able to get a good deal. 35.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 55304 in November 2024, down by 27.9% month-over-month. Of the 31 sold homes, 35% were sold under asking, 32% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +7.9% |
Summary: Homes in 55304 had an average of 31 days on market in Nov 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 31 homes were sold in 55304; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
