$3,503 Closing Credit*
$295,000
1,794 SqFt
4 Beds
•1 Full Bath
Listing Office: Priority One-Metrowest Realty
Is 55321, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55321 was a Seller's Market.
Key Takeaway
55321 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55321, MN
How much do homes in 55321, MN cost?
Median Sold Price
$324,850
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,400(+15.4%)
Key Takeaway
Homes in 55321 have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in 55321 was $324,850 in November 2024, up 15.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $82.5K | -28.3% |
| 2 Bedrooms | $175K | $215K | +22.9% |
| 3 Bedrooms | $262K | $280K | +6.9% |
| 4 Bedrooms | $355K | $347.4K | -2.1% |
| 5+ Bedrooms | $323.9K | $400K | +23.5% |
Summary: 55321 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.3%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 23.5%.
Housing Supply in 55321, MN
How many homes are available in 55321, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The 55321 real estate market had 28 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55321 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55321, 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 55321 in November 2024, down by 71.4% 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 55321, MN
How long does it take to sell a home in 55321, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +31.4% |
Summary: Homes in 55321 had an average of 23 days on market in Nov 2024, up by 31.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55321 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 55321; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
