$4,155 Closing Credit*
$349,900
2,376 SqFt
5 Beds
•1 Full Bath
Listing Office: LaBelle Real Estate Group Inc
Is 55313, 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, 55313 has remained a Seller's Market.
Key Takeaway
55313 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55313, MN
How much do homes in 55313, MN cost?
Median Sold Price
$360,000
$174/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in 55313 has remained the same since last year.
Summary: The median home sold price in 55313 was $360,000 in October 2024, the same as last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $345K | -16.9% |
| 2 Bedrooms | $266K | $280K | +5.3% |
| 3 Bedrooms | $329K | $327.9K | -0.3% |
| 4 Bedrooms | $389.9K | $370K | -5.1% |
| 5+ Bedrooms | $448.2K | $415K | -7.4% |
Summary: 55313 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Zip Codes
| 55390 | $327.4K | $345.9K | +5.6% |
| 55363 | $296.5K | $308.9K | +4.2% |
| 55358 | $307.5K | $318K | +3.4% |
| 55313 | $360K | $360K | 0.0% |
| 55373 | $375K | $347.5K | -7.3% |
Housing Supply in 55313, MN
How many homes are available in 55313, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 121 | +4.3% |
Summary: The 55313 real estate market had 121 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 47 | 51 | +8.5% |
| 4 Bedrooms | 31 | 33 | +6.5% |
| 5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The 55313 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 35 | +45.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55313, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 55313 in October 2024, up by 45.8% month-over-month. Of the 35 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 55313, MN
How long does it take to sell a home in 55313, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -17.9% |
Summary: Homes in 55313 had an average of 23 days on market in Oct 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55313 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in 55313; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
