$5,047 Closing Credit*
$425,000
2,216 SqFt
4 Beds
•1 Full Bath
Listing Office: Premier Real Estate Services
Is 55320, 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, 55320 has remained a Seller's Market.
Key Takeaway
55320 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55320, MN
How much do homes in 55320, MN cost?
Median Sold Price
$329,900
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,494(+1.1%)
Key Takeaway
Homes in 55320 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 55320 was $329,900 in October 2024, up 1.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $299.9K | -9.1% |
| 3 Bedrooms | $325.9K | $329.9K | +1.2% |
| 4 Bedrooms | $318K | $348.7K | +9.7% |
| 5+ Bedrooms | $819.9K | $377.5K | -54.0% |
Summary: 55320 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 54%.
Housing Supply in 55320, MN
How many homes are available in 55320, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The 55320 real estate market had 30 homes for sale in October 2024, a 7.1% increase 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55320 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 decreased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55320, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 55320 in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for 55320, MN
How long does it take to sell a home in 55320, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 42 Days | +75.5% |
Summary: Homes in 55320 had an average of 42 days on market in Oct 2024, up by 75.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55320 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 55320; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
