$5,164 Closing Credit*
$434,900
2,263 SqFt
5 Beds
•2 Full Baths
Listing Office: JPW Realty
Is 55328, 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, 55328 has remained a Seller's Market.
Key Takeaway
55328 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55328, MN
How much do homes in 55328, MN cost?
Median Sold Price
$445,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,235(+2.8%)
Key Takeaway
Homes in 55328 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 55328 was $445,000 in October 2024, up 2.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $257.5K | -16.9% |
| 3 Bedrooms | $360K | $390K | +8.3% |
| 4 Bedrooms | $445.2K | $450K | +1.1% |
| 5+ Bedrooms | $518.3K | $472K | -8.9% |
Summary: 55328 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 decreased by 16.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 8.9%.
Housing Supply in 55328, MN
How many homes are available in 55328, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 93 | +19.2% |
Summary: The 55328 real estate market had 93 homes for sale in October 2024, a 19.2% increase 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 29 | 39 | +34.5% |
| 5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The 55328 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 increased by 12.5%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 17 | +88.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55328, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 55328 in October 2024, up by 88.9% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% were sold over asking.
Days on Market for 55328, MN
How long does it take to sell a home in 55328, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -6.4% |
Summary: Homes in 55328 had an average of 32 days on market in Oct 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55328 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 55328; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
