$4,096 Closing Credit*
$344,900
1,476 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55345, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55345 has remained a Seller's Market.
Key Takeaway
55345 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55345, MN
How much do homes in 55345, MN cost?
Median Sold Price
$556,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$56,550(+11.3%)
Key Takeaway
Homes in 55345 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 55345 was $556,500 in December 2024, up 11.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236K | $335K | +41.9% |
| 2 Bedrooms | $290K | $307.5K | +6.0% |
| 3 Bedrooms | $431K | $450K | +4.4% |
| 4 Bedrooms | $566K | $600K | +6.0% |
| 5+ Bedrooms | $669.8K | $735K | +9.7% |
Summary: 55345 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 55345, MN
How many homes are available in 55345, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 71 | 72 | +1.4% |
Summary: The 55345 real estate market had 72 homes for sale in December 2024, a 1.4% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 55345 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55345, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 55345 in December 2024, up by 6.7% month-over-month. Of the 16 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.
Days on Market for 55345, MN
How long does it take to sell a home in 55345, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 45 Days | +88.5% |
Summary: Homes in 55345 had an average of 45 days on market in Dec 2024, up by 88.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55345 has remained consistent over time.
Summary: During December 2024, 16 homes were sold in 55345; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
