$5,224 Closing Credit*
$439,900
2,300 SqFt
4 Beds
•1 Full Bath
Listing Office: John Thomas Realty
Is 55319, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55319 has remained a Seller's Market.
Key Takeaway
55319 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55319, MN
How much do homes in 55319, MN cost?
Median Sold Price
$390,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+11.4%)
Key Takeaway
Homes in 55319 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 55319 was $390,000 in November 2024, up 11.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $234.2K | -41.4% |
| 2 Bedrooms | $287.4K | $337K | +17.2% |
| 3 Bedrooms | $343.4K | $390K | +13.6% |
| 4 Bedrooms | $455K | $429.5K | -5.6% |
| 5+ Bedrooms | $516K | $450K | -12.8% |
Summary: 55319 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 55319, MN
How many homes are available in 55319, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The 55319 real estate market had 34 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 55319 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55319, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 55319 in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 55319, MN
How long does it take to sell a home in 55319, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 22 Days | -57.2% |
Summary: Homes in 55319 had an average of 22 days on market in Nov 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55319 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 55319; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
