$4,453 Closing Credit*
$375,000
2,223 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is 55353, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55353 was a Seller's Market.
Key Takeaway
55353 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55353, MN
How much do homes in 55353, MN cost?
Median Sold Price
$320,900
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,750(+15.4%)
Key Takeaway
Homes in 55353 have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in 55353 was $320,900 in November 2024, up 15.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $275.8K | $279.9K | +1.5% |
| 3 Bedrooms | $266.8K | $333.2K | +24.9% |
| 4 Bedrooms | $330K | $290K | -12.1% |
| 5+ Bedrooms | $350K | $404.9K | +15.7% |
Summary: 55353 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 24.9%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 15.7%.
Housing Supply in 55353, MN
How many homes are available in 55353, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The 55353 real estate market had 19 homes for sale in November 2024, a 11.8% increase 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55353 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55353, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55353 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 55353, MN
How long does it take to sell a home in 55353, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 37 Days | -31.6% |
Summary: Homes in 55353 had an average of 37 days on market in Nov 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55353 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 55353; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
