$5,225 Closing Credit*
$440,000
988 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Classic Realty
Is 55330, 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, 55330 was a Seller's Market.
Key Takeaway
55330 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 55330, MN
How much do homes in 55330, MN cost?
Median Sold Price
$400,428
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,981(+2.6%)
Key Takeaway
Homes in 55330 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 55330 was $400,428 in November 2024, up 2.6% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.9K | $221K | +41.8% |
| 2 Bedrooms | $250K | $269.8K | +7.9% |
| 3 Bedrooms | $338.9K | $369.9K | +9.1% |
| 4 Bedrooms | $445.3K | $452.5K | +1.6% |
| 5+ Bedrooms | $498K | $493K | -1.0% |
Summary: 55330 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 55330, MN
How many homes are available in 55330, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 271 | 259 | -4.4% |
Summary: The 55330 real estate market had 259 homes for sale in November 2024, a 4.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 45 | 39 | -13.3% |
| 3 Bedrooms | 98 | 89 | -9.2% |
| 4 Bedrooms | 79 | 82 | +3.8% |
| 5+ Bedrooms | 48 | 48 | 0.0% |
Summary: The 55330 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 13.3%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 42 | -32.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55330, you could pay more than the asking price. 35.7% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in 55330 in November 2024, down by 32.3% month-over-month. Of the 42 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% were sold over asking.
Days on Market for 55330, MN
How long does it take to sell a home in 55330, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 39 Days | +46.7% |
Summary: Homes in 55330 had an average of 39 days on market in Nov 2024, up by 46.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55330 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 42 homes were sold in 55330; 55% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
