$4,501 Closing Credit*
$379,000
1,920 SqFt
3 Beds
•2 Full Baths
Listing Office: TheMLSonline.com, Inc.
Is 55360, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55360 has remained a Seller's Market.
Key Takeaway
55360 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55360, MN
How much do homes in 55360, MN cost?
Median Sold Price
$375,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$23,500(+6.7%)
Key Takeaway
Homes in 55360 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 55360 was $375,000 in December 2024, up 6.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $350K | N/A |
| 3 Bedrooms | $347.5K | $369.9K | +6.5% |
| 4 Bedrooms | $349.9K | $382.2K | +9.2% |
| 5+ Bedrooms | $404.5K | $408.7K | +1.1% |
Summary: 55360 housing prices by bedroom type for December 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 6.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 55360, MN
How many homes are available in 55360, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The 55360 real estate market had 23 homes for sale in December 2024, a 4.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55360 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55360, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 55360 in December 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 55360, MN
How long does it take to sell a home in 55360, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 52 Days | 42 Days | -18.6% |
Summary: Homes in 55360 had an average of 42 days on market in Dec 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55360 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in 55360; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
