$4,572 Closing Credit*
$385,000
1,890 SqFt
3 Beds
•1 Full Bath
Listing Office: Compass
Is 55356, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55356 was a Neutral Market.
Key Takeaway
55356 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55356, MN
How much do homes in 55356, MN cost?
Median Sold Price
$980,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$417,083(+74.1%)
Key Takeaway
Homes in 55356 have sold for 74.1% more than they did a year ago.
Summary: The median home sold price in 55356 was $980,000 in October 2024, up 74.1% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $387.5K | $876.7K | +126.3% |
| 3 Bedrooms | $473.5K | $560K | +18.3% |
| 4 Bedrooms | $761K | $937.5K | +23.2% |
| 5+ Bedrooms | $1.3M | $1.3M | +0.9% |
Summary: 55356 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 increased by 126.3%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 55356, MN
How many homes are available in 55356, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 58 | +7.4% |
Summary: The 55356 real estate market had 58 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The 55356 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55356, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 55356 in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for 55356, MN
How long does it take to sell a home in 55356, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 46 Days | +146.8% |
Summary: Homes in 55356 had an average of 46 days on market in Oct 2024, up by 146.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55356 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 55356; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
