$8,538 Closing Credit*
$719,000
3,353 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
Is 55345, 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, 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
$545,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,100(+9.0%)
Key Takeaway
Homes in 55345 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 55345 was $545,000 in October 2024, up 9% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236K | $335K | +41.9% |
| 2 Bedrooms | $271.5K | $300K | +10.5% |
| 3 Bedrooms | $429.9K | $448K | +4.2% |
| 4 Bedrooms | $565K | $590K | +4.4% |
| 5+ Bedrooms | $710K | $720K | +1.4% |
Summary: 55345 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 55345, MN
How many homes are available in 55345, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 104 | +19.5% |
Summary: The 55345 real estate market had 104 homes for sale in October 2024, a 19.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 31 | 38 | +22.6% |
| 4 Bedrooms | 25 | 31 | +24.0% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The 55345 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 increased by 12.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
15 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 55345, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 55345 in October 2024, up by 36.8% month-over-month. Of the 26 sold homes, 58% were sold under asking, 12% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 27 Days | +63.2% |
Summary: Homes in 55345 had an average of 27 days on market in Oct 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55345 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 55345; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
