Is 55312, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55312 is a 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

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$200K
N/A
3 -$235K
N/A
4 $220K-
N/A
5+ --
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
-1.1%
55396
-19.7%

Housing Supply in 55312, MN

How many homes are available in 55312, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 22
0.0%
4 10
-100.0%
5+ 00
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 2024Oct 2024CHANGE
12+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

Asking vs Sold - buyer

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 2024Oct 2024CHANGE
19 Days81 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 55312, MN

Nearby Markets to 55312, MN