Is 55363, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55363 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 55363 has remained a Seller's Market.

Key Takeaway

55363 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55363, MN

How much do homes in 55363, MN cost?

Median Sold Price

$308,900

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,400(+4.2%)

Key Takeaway

Homes in 55363 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 55363 was $308,900 in October 2024, up 4.2% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $239K$242K
+1.3%
3 $287K$291.5K
+1.6%
4 $319.9K$324.9K
+1.6%
5+ $351K$360K
+2.6%

Summary: 55363 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 1.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

55388
+11.2%
55390
+5.6%
55363
+4.2%
55328
+2.8%
55313
0.0%

Housing Supply in 55363, MN

How many homes are available in 55363, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
22220.0%

Summary: The 55363 real estate market had 22 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 107
-30.0%
4 1011
+10.0%
5+ 01
+100.0%

Summary: The 55363 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 50%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55363, 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 55363 in October 2024, down by 37.5% 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 55363, MN

How long does it take to sell a home in 55363, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days49 Days+90.9%

Summary: Homes in 55363 had an average of 49 days on market in Oct 2024, up by 90.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55363 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 55363; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 55363, MN

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