$7,360 Closing Credit*
$619,750
2,907 SqFt
4 Beds
•1 Full Bath
Listing Office: Fieldstone Real Estate Specialists
Is 55375, 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, 55375 has remained a Seller's Market.
Key Takeaway
55375 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55375, MN
How much do homes in 55375, MN cost?
Median Sold Price
$430,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-4.4%)
Key Takeaway
Homes in 55375 have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in 55375 was $430,000 in October 2024, down 4.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $250K | +22.0% |
| 3 Bedrooms | $334.5K | $369.9K | +10.6% |
| 4 Bedrooms | $459.2K | $460K | 0.2% |
| 5+ Bedrooms | $542K | $574K | +5.9% |
Summary: 55375 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 22%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 55375, MN
How many homes are available in 55375, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The 55375 real estate market had 16 homes for sale in October 2024, a 45.5% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 55375 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55375, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 55375 in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 55375, MN
How long does it take to sell a home in 55375, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +61.9% |
Summary: Homes in 55375 had an average of 34 days on market in Oct 2024, up by 61.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55375 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 55375; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
