$5,521 Closing Credit*
$464,900
2,579 SqFt
5 Beds
•2 Full Baths
Listing Office: Capstone Realty, LLC
Is 55330, 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, 55330 has remained a Seller's Market.
Key Takeaway
55330 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55330, MN
How much do homes in 55330, MN cost?
Median Sold Price
$400,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,058(+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 $400,000 in October 2024, up 2.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.9K | $221K | +41.8% |
| 2 Bedrooms | $250K | $269.9K | +8.0% |
| 3 Bedrooms | $340K | $364K | +7.1% |
| 4 Bedrooms | $440K | $450K | +2.3% |
| 5+ Bedrooms | $500K | $493K | -1.4% |
Summary: 55330 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 55330, MN
How many homes are available in 55330, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 257 | 292 | +13.6% |
Summary: The 55330 real estate market had 292 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 46 | 48 | +4.3% |
| 3 Bedrooms | 96 | 102 | +6.3% |
| 4 Bedrooms | 77 | 89 | +15.6% |
| 5+ Bedrooms | 37 | 52 | +40.5% |
Summary: The 55330 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 4.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 40.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 58 | +13.7% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55330, you may be able to get a good deal. 37.9% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in 55330 in October 2024, up by 13.7% month-over-month. Of the 58 sold homes, 38% were sold under asking, 36% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 37 Days | +52.7% |
Summary: Homes in 55330 had an average of 37 days on market in Oct 2024, up by 52.7% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 58 homes were sold in 55330; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
