$4,750 Closing Credit*
$400,000
2,016 SqFt
Listing Office: Right Move Realty
Is 55308, 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, 55308 has remained a Seller's Market.
Key Takeaway
55308 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55308, MN
How much do homes in 55308, MN cost?
Median Sold Price
$355,250
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,250(+3.0%)
Key Takeaway
Homes in 55308 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 55308 was $355,250 in October 2024, up 3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $322.5K | +9.3% |
| 2 Bedrooms | $263K | $297.5K | +13.1% |
| 3 Bedrooms | $320K | $350K | +9.4% |
| 4 Bedrooms | $390K | $362K | -7.2% |
| 5+ Bedrooms | $376.4K | $450K | +19.5% |
Summary: 55308 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 19.5%.
Housing Supply in 55308, MN
How many homes are available in 55308, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The 55308 real estate market had 39 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 55308 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55308, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 55308 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for 55308, MN
How long does it take to sell a home in 55308, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +15.8% |
Summary: Homes in 55308 had an average of 39 days on market in Oct 2024, up by 15.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55308 has remained consistent over time.
Summary: During October 2024, 9 homes were sold in 55308; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
