$4,393 Closing Credit*
$369,900
2,708 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: Chestnut Realty Inc
Is 55354, 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, 55354 has remained a Seller's Market.
Key Takeaway
55354 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55354, MN
How much do homes in 55354, MN cost?
Median Sold Price
$252,750
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,250(-4.6%)
Key Takeaway
Homes in 55354 have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in 55354 was $252,750 in October 2024, down 4.6% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $195K | -13.3% |
| 3 Bedrooms | $269.5K | $203.2K | -24.6% |
| 4 Bedrooms | $303.1K | $280K | -7.6% |
| 5+ Bedrooms | $270K | $300.2K | +11.2% |
Summary: 55354 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 24.6%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Zip Codes
| 55395 | $266.2K | $285K | +7.0% |
| 55354 | $265K | $252.7K | -4.6% |
Housing Supply in 55354, MN
How many homes are available in 55354, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The 55354 real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55354 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55354, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 55354 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 55354, MN
How long does it take to sell a home in 55354, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 34 Days | +3350.0% |
Summary: Homes in 55354 had an average of 34 days on market in Oct 2024, up by 3350% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55354 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 55354; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
