Listing Office: Mages Land Co & Auction
Is 55312, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 55312 was a Neutral Market.
Key Takeaway
55312 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55312, MN
How much do homes in 55312, MN cost?
Median Sold Price
$217,500
$208/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$2,500(-1.1%)
Key Takeaway
Homes in 55312 have sold for 1.1% less than they did a month ago.
Summary: The median home sold price in 55312 was $217,500 in October 2024, down 1.1% from last month, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $200K | N/A |
| 3 Bedrooms | - | $235K | N/A |
| 4 Bedrooms | $220K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55312 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55312 | $220K | $217.5K | -1.1% |
| 55396 | $230.2K | $185K | -19.7% |
Housing Supply in 55312, MN
How many homes are available in 55312, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The 55312 real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55312 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 remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55312, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55312 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 55312, MN
How long does it take to sell a home in 55312, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 81 Days | +328.9% |
Summary: Homes in 55312 had an average of 81 days on market in Oct 2024, up by 328.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55312 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 55312; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
