$5,937 Closing Credit*
$499,990
2,439 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Lennar Sales Corp
Is 55362, 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, 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
$349,950
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,283(+2.7%)
Key Takeaway
Homes in 55362 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 55362 was $349,950 in November 2024, up 2.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.7K | - | N/A |
| 2 Bedrooms | $270.5K | $277.4K | +2.6% |
| 3 Bedrooms | $310K | $330K | +6.5% |
| 4 Bedrooms | $375K | $367.5K | -2.0% |
| 5+ Bedrooms | $513.5K | $510K | -0.7% |
Summary: 55362 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 69 | +1.5% |
Summary: The 55362 real estate market had 69 homes for sale in November 2024, a 1.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The 55362 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55362, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 55362 in November 2024, down by 16.7% month-over-month. Of the 15 sold homes, 20% were sold under asking, 47% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | +2.0% |
Summary: Homes in 55362 had an average of 30 days on market in Nov 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were 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 November 2024, 15 homes were sold in 55362; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
