$9,369 Closing Credit*
$789,000
4,954 SqFt
6 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is 55372, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55372 has remained a Seller's Market.
Key Takeaway
55372 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55372, MN
How much do homes in 55372, MN cost?
Median Sold Price
$515,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,050(+3.0%)
Key Takeaway
Homes in 55372 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 55372 was $515,000 in November 2024, up 3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.7K | $231.2K | +0.7% |
| 2 Bedrooms | $285K | $304.9K | +7.0% |
| 3 Bedrooms | $389K | $395K | +1.5% |
| 4 Bedrooms | $563.5K | $552K | -2.0% |
| 5+ Bedrooms | $730.8K | $775K | +6.0% |
Summary: 55372 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 6%.
Housing Supply in 55372, MN
How many homes are available in 55372, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 168 | 140 | -16.7% |
Summary: The 55372 real estate market had 140 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 50 | 43 | -14.0% |
| 4 Bedrooms | 55 | 44 | -20.0% |
| 5+ Bedrooms | 47 | 38 | -19.1% |
Summary: The 55372 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 19.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 37 | -28.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55372, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 55372 in November 2024, down by 28.8% month-over-month. Of the 37 sold homes, 51% were sold under asking, 22% were sold at asking, and 27% were sold over asking.
Days on Market for 55372, MN
How long does it take to sell a home in 55372, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 43 Days | +15.2% |
Summary: Homes in 55372 had an average of 43 days on market in Nov 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55372 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in 55372; 51% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
