Is 55368, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55368 is a 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

$436,250

$227/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$181,250(+71.1%)

Key Takeaway

Homes in 55368 have sold for 71.1% more than they did a month ago.

Summary: The median home sold price in 55368 was $436,250 in October 2024, up 71.1% from last month, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$310K
N/A
3 $255K$562.5K
+120.6%
4 --
N/A
5+ --
N/A

Summary: 55368 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 increased by 120.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

55368
+71.1%
55397
+14.5%

Housing Supply in 55368, MN

How many homes are available in 55368, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
58+60.0%

Summary: The 55368 real estate market had 8 homes for sale in October 2024, a 60.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 13
+200.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The 55368 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 increased by 200%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55368, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 55368 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
13 Days57 Days+338.5%

Summary: Homes in 55368 had an average of 57 days on market in Oct 2024, up by 338.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55368 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 55368; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 55368, MN

Nearby Markets to 55368, MN