$1,603 Closing Credit*
$135,000
684 SqFt
1 Bed
•1 Full Bath
Listing Office: Total Freedom Realty, Inc
Is 55364, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$435,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,000(+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 $435,000 in December 2024, up 1.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.8K | $150K | -1.8% |
| 2 Bedrooms | $297.5K | $268.5K | -9.7% |
| 3 Bedrooms | $359K | $402K | +12.0% |
| 4 Bedrooms | $880K | $580K | -34.1% |
| 5+ Bedrooms | $860K | $850K | -1.2% |
Summary: 55364 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 34.1%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 62 | 55 | -11.3% |
Summary: The 55364 real estate market had 55 homes for sale in December 2024, a 11.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The 55364 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55364, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 55364 in December 2024, down by 22.2% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 64 Days | +43.8% |
Summary: Homes in 55364 had an average of 64 days on market in Dec 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55364 has remained consistent over time.
Summary: During December 2024, 14 homes were sold in 55364; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
