$4,572 Closing Credit*
$385,000
2,530 SqFt
5 Beds
•2 Full Baths
Listing Office: Real Broker, LLC
Is 55363, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239K | $242K | +1.3% |
| 3 Bedrooms | $287K | $291.5K | +1.6% |
| 4 Bedrooms | $319.9K | $324.9K | +1.6% |
| 5+ Bedrooms | $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%.
Housing Supply in 55363, MN
How many homes are available in 55363, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 0 | 1 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 49 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
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.
