$3,562 Closing Credit*
$299,999
1,390 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is 55344, 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, 55344 has remained a Seller's Market.
Key Takeaway
55344 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55344, MN
How much do homes in 55344, MN cost?
Median Sold Price
$341,750
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,500(+11.6%)
Key Takeaway
Homes in 55344 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 55344 was $341,750 in November 2024, up 11.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183K | $199.4K | +9.0% |
| 2 Bedrooms | $269K | $282.4K | +5.0% |
| 3 Bedrooms | $372K | $355K | -4.6% |
| 4 Bedrooms | $515K | $530K | +2.9% |
| 5+ Bedrooms | $840K | $669.9K | -20.3% |
Summary: 55344 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 20.3%.
Housing Supply in 55344, MN
How many homes are available in 55344, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The 55344 real estate market had 47 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 55344 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 11.8%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55344, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 55344 in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for 55344, MN
How long does it take to sell a home in 55344, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 71 Days | +209.7% |
Summary: Homes in 55344 had an average of 71 days on market in Nov 2024, up by 209.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55344 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 55344; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
