$320,000
Land
Listing Office: RE/MAX Consultants
Is 55373, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55373 was a Seller's Market.
Key Takeaway
55373 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55373, MN
How much do homes in 55373, MN cost?
Median Sold Price
$347,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,500(-7.3%)
Key Takeaway
Homes in 55373 have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in 55373 was $347,500 in October 2024, down 7.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $319.9K | $327.4K | +2.3% |
| 3 Bedrooms | $327.5K | $312.5K | -4.6% |
| 4 Bedrooms | $452.4K | $350K | -22.7% |
| 5+ Bedrooms | $605K | $565K | -6.6% |
Summary: 55373 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in 55373, MN
How many homes are available in 55373, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Summary: The 55373 real estate market had 35 homes for sale in October 2024, a 29.6% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 55373 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 increased by 16.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55373, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 55373 in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for 55373, MN
How long does it take to sell a home in 55373, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 21 Days | -12.1% |
Summary: Homes in 55373 had an average of 21 days on market in Oct 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55373 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 55373; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
