$3,859 Closing Credit*
$325,000
2,040 SqFt
4 Beds
•1 Full Bath
Listing Office: Premier Choice Realty
Is 55307, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55307 was a Seller's Market.
Key Takeaway
55307 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55307, MN
How much do homes in 55307, MN cost?
Median Sold Price
$247,450
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,000(-2.8%)
Key Takeaway
Homes in 55307 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 55307 was $247,450 in October 2024, down 2.8% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $169K | +5.6% |
| 3 Bedrooms | $254.4K | $247.4K | -2.8% |
| 4 Bedrooms | $294K | $285K | -3.0% |
| 5+ Bedrooms | $395K | $298K | -24.6% |
Summary: 55307 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 increased by 5.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 24.6%.
Median Sold Price Compared To Nearby Zip Codes
| 55336 | $230K | $244.9K | +6.5% |
| 56044 | $235K | $240K | +2.1% |
| 55307 | $254.4K | $247.4K | -2.8% |
| 55338 | $299.9K | $291.5K | -2.8% |
Housing Supply in 55307, MN
How many homes are available in 55307, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The 55307 real estate market had 13 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55307 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55307, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 55307 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55307, MN
How long does it take to sell a home in 55307, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 49 Days | -35.9% |
Summary: Homes in 55307 had an average of 49 days on market in Oct 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55307 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 55307; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
