$4,156 Closing Credit*
$350,000
1,687 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: D.R. Horton, Inc.
Is 55327, 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, 55327 has remained a Seller's Market.
Key Takeaway
55327 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55327, MN
How much do homes in 55327, MN cost?
Median Sold Price
$489,900
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,910(+6.5%)
Key Takeaway
Homes in 55327 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 55327 was $489,900 in October 2024, up 6.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $449.1K | $479.9K | +6.8% |
| 3 Bedrooms | $378.5K | $383.9K | +1.5% |
| 4 Bedrooms | $470.3K | $500K | +6.3% |
| 5+ Bedrooms | $579.9K | $616.1K | +6.2% |
Summary: 55327 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 6.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 55327, MN
How many homes are available in 55327, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 70 | -2.8% |
Summary: The 55327 real estate market had 70 homes for sale in October 2024, a 2.8% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 36 | 31 | -13.9% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 55327 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 decreased by 50%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55327, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55327 in October 2024, down by 29.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 55327, MN
How long does it take to sell a home in 55327, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 56 Days | -14.0% |
Summary: Homes in 55327 had an average of 56 days on market in Oct 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55327 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 55327; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
