$4,512 Closing Credit*
$379,990
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 October 2023
Since last year, 55374 has remained a Seller's Market.
Key Takeaway
55374 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55374, MN
How much do homes in 55374, MN cost?
Median Sold Price
$434,994
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,005(-4.4%)
Key Takeaway
Homes in 55374 have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in 55374 was $434,994 in October 2024, down 4.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $437.9K | +28.8% |
| 2 Bedrooms | $403K | $420K | +4.2% |
| 3 Bedrooms | $387.2K | $367.3K | -5.2% |
| 4 Bedrooms | $491.9K | $494.9K | +0.6% |
| 5+ Bedrooms | $499.9K | $492.4K | -1.5% |
Summary: 55374 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 55374, MN
How many homes are available in 55374, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 166 | +23.9% |
Summary: The 55374 real estate market had 166 homes for sale in October 2024, a 23.9% 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 | 24 | 24 | 0.0% |
| 3 Bedrooms | 46 | 66 | +43.5% |
| 4 Bedrooms | 46 | 56 | +21.7% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The 55374 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 43.5%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 41 | +24.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55374, expect to pay close to the asking price. 53.7% of homes here sold near the asking price last month.
Summary: A total of 41 homes were sold or pending in 55374 in October 2024, up by 24.2% month-over-month. Of the 41 sold homes, 27% were sold under asking, 54% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +9.4% |
Summary: Homes in 55374 had an average of 29 days on market in Oct 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55374 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in 55374; 49% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
