$5,938 Closing Credit*
$500,000
3,102 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Imagine Realty
Is 55347, 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, 55347 has remained a Seller's Market.
Key Takeaway
55347 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55347, MN
How much do homes in 55347, MN cost?
Median Sold Price
$535,550
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,423(-2.6%)
Key Takeaway
Homes in 55347 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 55347 was $535,550 in November 2024, down 2.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.4K | $157K | -36.3% |
| 2 Bedrooms | $285K | $275K | -3.5% |
| 3 Bedrooms | $440K | $425K | -3.4% |
| 4 Bedrooms | $589.9K | $593K | 0.5% |
| 5+ Bedrooms | $760K | $859.7K | +13.1% |
Summary: 55347 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.3%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 13.1%.
Housing Supply in 55347, MN
How many homes are available in 55347, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 | 120 | -11.8% |
Summary: The 55347 real estate market had 120 homes for sale in November 2024, a 11.8% 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 | 22 | 23 | +4.5% |
| 3 Bedrooms | 41 | 33 | -19.5% |
| 4 Bedrooms | 40 | 33 | -17.5% |
| 5+ Bedrooms | 33 | 31 | -6.1% |
Summary: The 55347 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 4.5%, 3 bedroom homes decreased by 19.5%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 27 | -34.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55347, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 55347 in November 2024, down by 34.1% month-over-month. Of the 27 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 55347, MN
How long does it take to sell a home in 55347, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 35 Days | +16.4% |
Summary: Homes in 55347 had an average of 35 days on market in Nov 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55347 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 55347; 59% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
