$3,918 Closing Credit*
$329,900
1,168 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Advantage Plus
Is 55360, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+6.2%)
Key Takeaway
Homes in 55360 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 55360 was $375,000 in October 2024, up 6.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.9K | $593.7K | +137.6% |
| 3 Bedrooms | $345K | $369.9K | +7.2% |
| 4 Bedrooms | $353K | $377K | +6.8% |
| 5+ Bedrooms | $420.6K | $376.8K | -10.4% |
Summary: 55360 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 137.6%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in 55360, MN
How many homes are available in 55360, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The 55360 real estate market had 28 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55360 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55360, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 55360 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 74 Days | +131.3% |
Summary: Homes in 55360 had an average of 74 days on market in Oct 2024, up by 131.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55360 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 55360; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
