$5,344 Closing Credit*
$450,000
3,387 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Advantage Plus
Is 55322, 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, 55322 has remained a Seller's Market.
Key Takeaway
55322 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55322, MN
How much do homes in 55322, MN cost?
Median Sold Price
$407,547
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,547(+3.2%)
Key Takeaway
Homes in 55322 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 55322 was $407,547 in October 2024, up 3.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $246.5K | N/A |
| 2 Bedrooms | $288K | $340K | +18.1% |
| 3 Bedrooms | $397.6K | $414.3K | +4.2% |
| 4 Bedrooms | $412K | $379.9K | -7.8% |
| 5+ Bedrooms | $379K | $465.3K | +22.8% |
Summary: 55322 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 increased by 18.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 22.8%.
Housing Supply in 55322, MN
How many homes are available in 55322, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 37 | -11.9% |
Summary: The 55322 real estate market had 37 homes for sale in October 2024, a 11.9% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55322 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 remained the same, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55322, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 55322 in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 55322, MN
How long does it take to sell a home in 55322, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 21 Days | -57.5% |
Summary: Homes in 55322 had an average of 21 days on market in Oct 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55322 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 55322; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
