$2,969 Closing Credit*
$250,000
1,488 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Select Realty
Is 55307, 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, 55307 has remained a Seller's Market.
Key Takeaway
55307 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55307, MN
How much do homes in 55307, MN cost?
Median Sold Price
$265,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+15.2%)
Key Takeaway
Homes in 55307 have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in 55307 was $265,000 in November 2024, up 15.2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159.5K | $195K | +22.3% |
| 3 Bedrooms | $254.4K | $250K | -1.7% |
| 4 Bedrooms | $294K | $292K | -0.7% |
| 5+ Bedrooms | $356.5K | $298K | -16.4% |
Summary: 55307 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Zip Codes
| 55307 | $230K | $265K | +15.2% |
| 55336 | $235K | $244.9K | +4.2% |
Housing Supply in 55307, MN
How many homes are available in 55307, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The 55307 real estate market had 13 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55307 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55307, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55307 in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 58 Days | +66.7% |
Summary: Homes in 55307 had an average of 58 days on market in Nov 2024, up by 66.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55307 has remained consistent over time.
Summary: During November 2024, 6 homes were sold in 55307; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
