$4,441 Closing Credit*
$373,990
2,020 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Pulte Homes Of Minnesota, LLC
Is 55374, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55374 was a Seller's Market.
Key Takeaway
55374 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55374, MN
How much do homes in 55374, MN cost?
Median Sold Price
$436,517
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,471(-3.0%)
Key Takeaway
Homes in 55374 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 55374 was $436,517 in November 2024, down 3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $437.9K | +28.8% |
| 2 Bedrooms | $400K | $415K | +3.8% |
| 3 Bedrooms | $385K | $367.9K | -4.4% |
| 4 Bedrooms | $487.5K | $497.4K | +2.0% |
| 5+ Bedrooms | $499.9K | $501.8K | 0.4% |
Summary: 55374 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 55374, MN
How many homes are available in 55374, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 143 | +10.0% |
Summary: The 55374 real estate market had 143 homes for sale in November 2024, a 10.0% increase 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 | 17 | 16 | -5.9% |
| 3 Bedrooms | 50 | 64 | +28.0% |
| 4 Bedrooms | 47 | 43 | -8.5% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The 55374 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 5.9%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 20 | -56.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55374, expect to pay close to the asking price. 65% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 55374 in November 2024, down by 56.5% month-over-month. Of the 20 sold homes, 35% were sold under asking, 65% were sold at asking, and 0% were sold over asking.
Days on Market for 55374, MN
How long does it take to sell a home in 55374, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +22.2% |
Summary: Homes in 55374 had an average of 33 days on market in Nov 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55374 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 55374; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
