$7,820 Closing Credit*
$658,500
3,125 SqFt
4 Beds
•3 Full Baths
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 October 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
$514,125
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,875(+6.8%)
Key Takeaway
Homes in 55372 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 55372 was $514,125 in October 2024, up 6.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220.5K | $240K | +8.8% |
| 2 Bedrooms | $283K | $310K | +9.5% |
| 3 Bedrooms | $390K | $390K | 0.0% |
| 4 Bedrooms | $567K | $552K | -2.6% |
| 5+ Bedrooms | $725K | $749.6K | +3.4% |
Summary: 55372 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 9.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in 55372, MN
How many homes are available in 55372, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 192 | 187 | -2.6% |
Summary: The 55372 real estate market had 187 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 56 | 56 | 0.0% |
| 4 Bedrooms | 67 | 64 | -4.5% |
| 5+ Bedrooms | 47 | 51 | +8.5% |
Summary: The 55372 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 8.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
13 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. 48.9% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 55372 in October 2024, down by 2.2% month-over-month. Of the 45 sold homes, 49% were sold under asking, 29% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 46 Days | +48.2% |
Summary: Homes in 55372 had an average of 46 days on market in Oct 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 45 homes were sold in 55372; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
