$1,603 Closing Credit*
$135,000
924 SqFt
2 Beds
•1 Full Bath
Listing Office: Atlus Real Estate
Is 55343, 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, 55343 has remained a Seller's Market.
Key Takeaway
55343 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55343, MN
How much do homes in 55343, MN cost?
Median Sold Price
$350,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+5.7%)
Key Takeaway
Homes in 55343 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 55343 was $350,000 in October 2024, up 5.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182K | $124.9K | -31.4% |
| 2 Bedrooms | $235.5K | $240K | +1.9% |
| 3 Bedrooms | $357.5K | $411.1K | +15.0% |
| 4 Bedrooms | $451K | $520K | +15.3% |
| 5+ Bedrooms | $555K | $610K | +9.9% |
Summary: 55343 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in 55343, MN
How many homes are available in 55343, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 112 | +0.9% |
Summary: The 55343 real estate market had 112 homes for sale in October 2024, a 0.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 18 | +12.5% |
| 2 Bedrooms | 37 | 39 | +5.4% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The 55343 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 24 | -35.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55343, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 55343 in October 2024, down by 35.1% month-over-month. Of the 24 sold homes, 54% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for 55343, MN
How long does it take to sell a home in 55343, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 25 Days | -18.6% |
Summary: Homes in 55343 had an average of 25 days on market in Oct 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55343 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 55343; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
