$10,000 Closing Credit*
$874,900
5,045 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: Chestnut Realty Inc
Is 55367, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 55367 was a Buyer's Market.
Key Takeaway
55367 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55367, MN
How much do homes in 55367, MN cost?
Median Sold Price
$283,000
$141/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$42,000(-12.9%)
Key Takeaway
Homes in 55367 have sold for 12.9% less than they did a month ago.
Summary: The median home sold price in 55367 was $283,000 in October 2024, down 12.9% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $325K | $270K | -16.9% |
| 4 Bedrooms | - | $296K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55367 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55397 | $238K | $272.5K | +14.5% |
| 55367 | $325K | $283K | -12.9% |
Housing Supply in 55367, MN
How many homes are available in 55367, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The 55367 real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 55367 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55367, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55367 in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 55367, MN
How long does it take to sell a home in 55367, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 16 Days | +708.3% |
Summary: Homes in 55367 had an average of 16 days on market in Oct 2024, up by 708.3% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55367 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 55367; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
