$2,613 Closing Credit*
$220,000
1,104 SqFt
2 Beds
•1 Full Bath
Listing Office: Kris Lindahl Real Estate
Is 55344, 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, 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
$330,950
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,450(+7.6%)
Key Takeaway
Homes in 55344 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 55344 was $330,950 in October 2024, up 7.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $198.9K | +9.0% |
| 2 Bedrooms | $268.5K | $285K | +6.1% |
| 3 Bedrooms | $380K | $360K | -5.3% |
| 4 Bedrooms | $548.7K | $532.5K | -3.0% |
| 5+ Bedrooms | $840K | $603.4K | -28.2% |
Summary: 55344 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 28.2%.
Housing Supply in 55344, MN
How many homes are available in 55344, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 50 | +19.0% |
Summary: The 55344 real estate market had 50 homes for sale in October 2024, a 19.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 22 | 19 | -13.6% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The 55344 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 decreased by 13.6%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55344, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 55344 in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 29 Days | +45.6% |
Summary: Homes in 55344 had an average of 29 days on market in Oct 2024, up by 45.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 10 homes were sold in 55344; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
