$2,601 Closing Credit*
$219,000
1,239 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is 55321, 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, 55321 was a Buyer's Market.
Key Takeaway
55321 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55321, MN
How much do homes in 55321, MN cost?
Median Sold Price
$345,000
$176/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$50,000(+16.9%)
Key Takeaway
Homes in 55321 have sold for 16.9% more than they did a month ago.
Summary: The median home sold price in 55321 was $345,000 in October 2024, up 16.9% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $240K | $300K | +25.0% |
| 4 Bedrooms | $350K | $340K | -2.9% |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: 55321 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 increased by 25%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55325 | $239K | $415.5K | +73.8% |
| 55321 | $295K | $345K | +16.9% |
Housing Supply in 55321, MN
How many homes are available in 55321, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The 55321 real estate market had 33 homes for sale in October 2024, a 17.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55321 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 increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55321, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 55321 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for 55321, MN
How long does it take to sell a home in 55321, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +34.0% |
Summary: Homes in 55321 had an average of 28 days on market in Oct 2024, up by 34% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55321 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 55321; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
