$6,530 Closing Credit*
$549,900
1,568 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Experience
Is 55368, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55368 has remained a Seller's Market.
Key Takeaway
55368 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55368, MN
How much do homes in 55368, MN cost?
Median Sold Price
$285,000
$202/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$59,000(-17.2%)
Key Takeaway
Homes in 55368 have sold for 17.2% less than they did a month ago.
Summary: The median home sold price in 55368 was $285,000 in November 2024, down 17.2% from last month, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | - | N/A |
| 3 Bedrooms | $562.5K | $285K | -49.3% |
| 4 Bedrooms | $344K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55368 housing prices by bedroom type for November 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 49.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55338 | $244.9K | $349.9K | +42.8% |
| 55322 | $408K | $431K | +5.7% |
| 55368 | $344K | $285K | -17.2% |
Housing Supply in 55368, MN
How many homes are available in 55368, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The 55368 real estate market had 4 homes for sale in November 2024, a 42.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55368 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55368, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 55368 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55368, MN
How long does it take to sell a home in 55368, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 3 Days | -90.2% |
Summary: Homes in 55368 had an average of 3 days on market in Nov 2024, down by 90.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55368 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 55368; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
