$4,619 Closing Credit*
$389,000
2,152 SqFt
5 Beds
•1 Full Bath
Listing Office: Weichert Realtors-MNsota
Is 55309, 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, 55309 has remained a Seller's Market.
Key Takeaway
55309 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55309, MN
How much do homes in 55309, MN cost?
Median Sold Price
$350,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, the same as last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.4K | $205K | +21.7% |
| 2 Bedrooms | $300K | $298.9K | -0.4% |
| 3 Bedrooms | $351.5K | $339K | -3.6% |
| 4 Bedrooms | $370K | $365K | -1.4% |
| 5+ Bedrooms | $390K | $425K | +9.0% |
Summary: 55309 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 9%.
Housing Supply in 55309, MN
How many homes are available in 55309, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 113 | +18.9% |
Summary: The 55309 real estate market had 113 homes for sale in October 2024, a 18.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 29 | 37 | +27.6% |
| 4 Bedrooms | 41 | 47 | +14.6% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 55309 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 increased by 8.3%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55309, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 55309 in October 2024, up by 47.1% month-over-month. Of the 25 sold homes, 24% were sold under asking, 36% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 25 Days | -19.4% |
Summary: Homes in 55309 had an average of 25 days on market in Oct 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55309 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 55309; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
