$4,809 Closing Credit*
$405,000
1,371 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Select Realty
Is 55359, 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, 55359 has remained a Seller's Market.
Key Takeaway
55359 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55359, MN
How much do homes in 55359, MN cost?
Median Sold Price
$552,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$11,000(-2.0%)
Key Takeaway
Homes in 55359 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 55359 was $552,500 in November 2024, down 2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $567K | $550K | -3.0% |
| 2 Bedrooms | $305K | $297.4K | -2.5% |
| 3 Bedrooms | $435K | $385K | -11.5% |
| 4 Bedrooms | $587.4K | $686.1K | +16.8% |
| 5+ Bedrooms | $1.0M | $1.1M | +5.5% |
Summary: 55359 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in 55359, MN
How many homes are available in 55359, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The 55359 real estate market had 28 homes for sale in November 2024, a 9.7% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 55359 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 decreased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55359, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 55359 in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 55359, MN
How long does it take to sell a home in 55359, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 19 Days | +69.0% |
Summary: Homes in 55359 had an average of 19 days on market in Nov 2024, up by 69% compared to last year.
Breakdown of Home Sale Times
6 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 55359 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 55359; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
