$2,374 Closing Credit*
$199,900
1,620 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Preferred Rlty
Is 55334, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 55334 was a Seller's Market.
Key Takeaway
55334 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 55334, MN
How much do homes in 55334, MN cost?
Median Sold Price
$207,000
$90/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$168,000(-44.8%)
Key Takeaway
Homes in 55334 have sold for 44.8% less than they did a month ago.
Summary: The median home sold price in 55334 was $207,000 in November 2024, down 44.8% from last month, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $225K | $194K | -13.8% |
| 4 Bedrooms | $405K | $220K | -45.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55334 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 45.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55396 | $185K | $135K | -27.0% |
| 55334 | $375K | $207K | -44.8% |
Housing Supply in 55334, MN
How many homes are available in 55334, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The 55334 real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55334 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 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 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 55334, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55334 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55334, MN
How long does it take to sell a home in 55334, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 44 Days | +111.9% |
Summary: Homes in 55334 had an average of 44 days on market in Nov 2024, up by 111.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55334 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 55334; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
