$5,938 Closing Credit*
$500,000
2,400 SqFt
5 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55357, 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, 55357 was a Buyer'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
$550,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,500(+9.5%)
Key Takeaway
Homes in 55357 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 55357 was $550,000 in October 2024, up 9.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $290K | N/A |
| 3 Bedrooms | $360K | $375.5K | +4.3% |
| 4 Bedrooms | $660K | $617.5K | -6.4% |
| 5+ Bedrooms | $685K | $897.5K | +31.0% |
Summary: 55357 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 did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 31%.
Housing Supply in 55357, MN
How many homes are available in 55357, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The 55357 real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 55357 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55357, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55357 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 19 Days | -37.6% |
Summary: Homes in 55357 had an average of 19 days on market in Oct 2024, down by 37.6% 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 October 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.
