$7,719 Closing Credit*
$650,000
2,878 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Compass
Is 55346, 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, 55346 has remained a Seller's Market.
Key Takeaway
55346 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55346, MN
How much do homes in 55346, MN cost?
Median Sold Price
$462,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,900(+3.1%)
Key Takeaway
Homes in 55346 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 55346 was $462,500 in November 2024, up 3.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $195K | +5.4% |
| 2 Bedrooms | $275K | $260K | -5.5% |
| 3 Bedrooms | $400K | $422K | +5.5% |
| 4 Bedrooms | $502.5K | $506K | +0.7% |
| 5+ Bedrooms | $651.5K | $680K | +4.4% |
Summary: 55346 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in 55346, MN
How many homes are available in 55346, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 55 | -11.3% |
Summary: The 55346 real estate market had 55 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 55346 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 decreased by 11.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55346, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 55346 in November 2024, down by 26.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 55346, MN
How long does it take to sell a home in 55346, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 27 Days | -35.5% |
Summary: Homes in 55346 had an average of 27 days on market in Nov 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55346 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 55346; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
