$4,453 Closing Credit*
$375,000
1,956 SqFt
3 Beds
•1 Full Bath
Listing Office: Lakes Area Realty G.V.
Is 55364, 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, 55364 has remained a Seller's Market.
Key Takeaway
55364 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55364, MN
How much do homes in 55364, MN cost?
Median Sold Price
$433,666
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,333(+1.2%)
Key Takeaway
Homes in 55364 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 55364 was $433,666 in October 2024, up 1.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.8K | $150K | +5.0% |
| 2 Bedrooms | $286K | $275K | -3.8% |
| 3 Bedrooms | $363.7K | $380K | +4.5% |
| 4 Bedrooms | $812.5K | $600K | -26.2% |
| 5+ Bedrooms | $860K | $850K | -1.2% |
Summary: 55364 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 55364, MN
How many homes are available in 55364, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 97 | -4.9% |
Summary: The 55364 real estate market had 97 homes for sale in October 2024, a 4.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 34 | 29 | -14.7% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 55364 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 6.7%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55364, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 55364 in October 2024, down by 25.0% month-over-month. Of the 21 sold homes, 67% were sold under asking, 19% were sold at asking, and 14% were sold over asking.
Days on Market for 55364, MN
How long does it take to sell a home in 55364, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 40 Days | +31.2% |
Summary: Homes in 55364 had an average of 40 days on market in Oct 2024, up by 31.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55364 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 55364; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
