$2,018 Closing Credit*
$169,900
2,156 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Hometown Realty, Inc
Is 55342, 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, 55342 has remained a Seller's Market.
Key Takeaway
55342 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55342, MN
How much do homes in 55342, MN cost?
Median Sold Price
$187,700
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,700(+27.7%)
Key Takeaway
Homes in 55342 have sold for 27.7% more than they did a year ago.
Summary: The median home sold price in 55342 was $187,700 in October 2024, up 27.7% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | - | N/A |
| 2 Bedrooms | $98.4K | $132.2K | +34.3% |
| 3 Bedrooms | $147.5K | $152.5K | +3.3% |
| 4 Bedrooms | $179.5K | $270K | +50.4% |
| 5+ Bedrooms | $196.2K | $295K | +50.3% |
Summary: 55342 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 increased by 34.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 50.4%, and 5+ bedroom homes increased by 50.3%.
Median Sold Price Compared To Nearby Zip Codes
| 55314 | $150K | $210K | +40.0% |
| 55342 | $147K | $187.7K | +27.7% |
| 56253 | $250K | $280K | +12.0% |
Housing Supply in 55342, MN
How many homes are available in 55342, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The 55342 real estate market had 6 homes for sale in October 2024, a 20.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55342 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55342, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55342 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 55342, MN
How long does it take to sell a home in 55342, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 63 Days | -30.0% |
Summary: Homes in 55342 had an average of 63 days on market in Oct 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55342 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 55342; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
