$9,499 Closing Credit*
$799,900
3,169 SqFt
4 Beds
•2 Full Baths
Listing Office: JPW Realty
Is 55357, 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, 55357 has remained a Seller's Market.
Key Takeaway
55357 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55357, MN
How much do homes in 55357, MN cost?
Median Sold Price
$615,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$95,000(+18.3%)
Key Takeaway
Homes in 55357 have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in 55357 was $615,000 in November 2024, up 18.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $859.3K | N/A |
| 2 Bedrooms | - | $290K | N/A |
| 3 Bedrooms | $405K | $391K | -3.5% |
| 4 Bedrooms | $572.5K | $620K | +8.3% |
| 5+ Bedrooms | $710K | $920K | +29.6% |
Summary: 55357 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 did not change, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 29.6%.
Housing Supply in 55357, MN
How many homes are available in 55357, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 55357 real estate market had 11 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 55357 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 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 |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55357, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 55357 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 55357, MN
How long does it take to sell a home in 55357, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +17.9% |
Summary: Homes in 55357 had an average of 15 days on market in Nov 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55357 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 55357; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
