$4,630 Closing Credit*
$389,900
2,016 SqFt
3 Beds
•2 Full Baths
Listing Office: Lakes Area Realty
Is 55337, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55337 has remained a Seller's Market.
Key Takeaway
55337 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55337, MN
How much do homes in 55337, MN cost?
Median Sold Price
$364,250
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,150(+4.3%)
Key Takeaway
Homes in 55337 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 55337 was $364,250 in November 2024, up 4.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.5K | $97.5K | +3.2% |
| 2 Bedrooms | $239.9K | $245K | +2.1% |
| 3 Bedrooms | $350K | $348.5K | -0.4% |
| 4 Bedrooms | $390K | $402K | +3.1% |
| 5+ Bedrooms | $425K | $440K | +3.5% |
Summary: 55337 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 55337, MN
How many homes are available in 55337, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 168 | 161 | -4.2% |
Summary: The 55337 real estate market had 161 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 40 | 42 | +5.0% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 44 | 41 | -6.8% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The 55337 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 increased by 5%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 35 | -18.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55337, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 35 homes were sold or pending in 55337 in November 2024, down by 18.6% month-over-month. Of the 35 sold homes, 34% were sold under asking, 43% were sold at asking, and 23% were sold over asking.
Days on Market for 55337, MN
How long does it take to sell a home in 55337, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 36 Days | +28.6% |
Summary: Homes in 55337 had an average of 36 days on market in Nov 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55337 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in 55337; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
