$3,264 Closing Credit*
$274,900
1,787 SqFt
3 Beds
•1 Full Bath
Listing Office: Elevate Realty LLC
Is 55325, 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, 55325 was a Seller's Market.
Key Takeaway
55325 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 55325, MN
How much do homes in 55325, MN cost?
Median Sold Price
$375,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+9.3%)
Key Takeaway
Homes in 55325 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 55325 was $375,000 in November 2024, up 9.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $1.0M | +318.4% |
| 2 Bedrooms | $299.9K | $340K | +13.4% |
| 3 Bedrooms | $387.5K | $427.5K | +10.3% |
| 4 Bedrooms | $379.5K | $352.9K | -7.0% |
| 5+ Bedrooms | $400K | $337.5K | -15.6% |
Summary: 55325 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 318.4%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in 55325, MN
How many homes are available in 55325, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The 55325 real estate market had 13 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55325 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
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 55325, 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 55325 in November 2024, down by 66.7% 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 55325, MN
How long does it take to sell a home in 55325, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 46 Days | +1.7% |
Summary: Homes in 55325 had an average of 46 days on market in Nov 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55325 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 55325; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
