$6,638 Closing Credit*
$559,000
1,824 SqFt
3 Beds
•1 Full Bath
#6640462, Mona Schomas, Listing Office: Keller Williams Rlty Integrity*
Is 55327, 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, 55327 was a Seller's Market.
Key Takeaway
55327 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55327, MN
How much do homes in 55327, MN cost?
Median Sold Price
$490,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,010(+7.7%)
Key Takeaway
Homes in 55327 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 55327 was $490,000 in November 2024, up 7.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $448.3K | $479.9K | +7.0% |
| 3 Bedrooms | $366.5K | $383.9K | +4.8% |
| 4 Bedrooms | $465.4K | $501K | +7.6% |
| 5+ Bedrooms | $578.6K | $616.7K | +6.6% |
Summary: 55327 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 55327, MN
How many homes are available in 55327, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 60 | 0.0% |
Summary: The 55327 real estate market had 60 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 27 | 26 | -3.7% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 55327 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
5 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 55327, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 55327 in November 2024, down by 64.3% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 71 Days | +29.3% |
Summary: Homes in 55327 had an average of 71 days on market in Nov 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55327 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 55327; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
