$3,561 Closing Credit*
$299,900
1,903 SqFt
Listing Office: eXp Realty
Is 55362, 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, 55362 has remained a Seller's Market.
Key Takeaway
55362 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55362, MN
How much do homes in 55362, MN cost?
Median Sold Price
$349,900
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,900(+2.3%)
Key Takeaway
Homes in 55362 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 55362 was $349,900 in October 2024, up 2.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.5K | $185K | -4.9% |
| 2 Bedrooms | $270K | $277.4K | +2.8% |
| 3 Bedrooms | $320K | $329K | +2.8% |
| 4 Bedrooms | $365K | $375K | +2.7% |
| 5+ Bedrooms | $513.5K | $510K | -0.7% |
Summary: 55362 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 55362, MN
How many homes are available in 55362, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 75 | -6.3% |
Summary: The 55362 real estate market had 75 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 31 | 26 | -16.1% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 55362 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 decreased by 7.7%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 16 | -42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55362, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 55362 in October 2024, down by 42.9% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for 55362, MN
How long does it take to sell a home in 55362, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 27 Days | -39.9% |
Summary: Homes in 55362 had an average of 27 days on market in Oct 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
14 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 55362 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 55362; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
