$1,721 Closing Credit*
$144,900
2,360 SqFt
5 Beds
•3 Full Baths
Listing Office: Stormo Real Estate and Property Management
Is 55324, 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, 55324 has remained a Seller's Market.
Key Takeaway
55324 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55324, MN
How much do homes in 55324, MN cost?
Median Sold Price
$389,950
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$109,950(+39.3%)
Key Takeaway
Homes in 55324 have sold for 39.3% more than they did a year ago.
Summary: The median home sold price in 55324 was $389,950 in October 2024, up 39.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $245K | - | N/A |
| 3 Bedrooms | $261.4K | $337.4K | +29.1% |
| 4 Bedrooms | $372K | $565K | +51.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55324 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 did not change, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 51.9%, and 5+ bedroom homes did not change.
Housing Supply in 55324, MN
How many homes are available in 55324, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The 55324 real estate market had 5 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55324 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55324, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55324 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55324, MN
How long does it take to sell a home in 55324, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 11 Days | -32.4% |
Summary: Homes in 55324 had an average of 11 days on market in Oct 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55324 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 55324; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
