$950 Closing Credit*
$80,000
1,100 SqFt
2 Beds
•1 Full Bath
Listing Office: Riverwood Realty
Is 55325, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55325 has remained a Seller's Market.
Key Takeaway
55325 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55325, MN
How much do homes in 55325, MN cost?
Median Sold Price
$415,500
$188/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$176,500(+73.8%)
Key Takeaway
Homes in 55325 have sold for 73.8% more than they did a month ago.
Summary: The median home sold price in 55325 was $415,500 in October 2024, up 73.8% from last month, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $404K | $245K | -39.4% |
| 3 Bedrooms | $225K | $415.5K | +84.7% |
| 4 Bedrooms | $239K | $700K | +192.9% |
| 5+ Bedrooms | - | $575K | N/A |
Summary: 55325 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 decreased by 39.4%, 3 bedroom homes increased by 84.7%, 4 bedroom homes increased by 192.9%, 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 55325, MN
How many homes are available in 55325, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The 55325 real estate market had 16 homes for sale in October 2024, a 15.8% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55325 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 28.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55325, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55325 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 34 Days | -41.0% |
Summary: Homes in 55325 had an average of 34 days on market in Oct 2024, down by 41% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55325 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 55325; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
