$3,858 Closing Credit*
$324,900
1,880 SqFt
4 Beds
•2 Full Baths
Listing Office: Fish MLS Realty
Is 55309, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55309 was a Seller's Market.
Key Takeaway
55309 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55309, MN
How much do homes in 55309, MN cost?
Median Sold Price
$350,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50(0.0%)
Key Takeaway
The sold price of homes in 55309 has remained the same since last year.
Summary: The median home sold price in 55309 was $350,000 in November 2024, the same as last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.4K | $205K | +21.7% |
| 2 Bedrooms | $305.4K | $298.4K | -2.3% |
| 3 Bedrooms | $349.9K | $349.9K | 0% |
| 4 Bedrooms | $367.5K | $365K | -0.7% |
| 5+ Bedrooms | $375K | $460K | +22.7% |
Summary: 55309 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 22.7%.
Housing Supply in 55309, MN
How many homes are available in 55309, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 105 | 0.0% |
Summary: The 55309 real estate market had 105 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 44 | 38 | -13.6% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 55309 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 remained the same, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 15 | -44.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55309, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 55309 in November 2024, down by 44.4% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for 55309, MN
How long does it take to sell a home in 55309, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 38 Days | +77.1% |
Summary: Homes in 55309 had an average of 38 days on market in Nov 2024, up by 77.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55309 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 55309; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
