$5,877 Closing Credit*
$494,900
3,744 SqFt
5 Beds
•3 Full Baths, 2 Partial
Listing Office: RE/MAX Professionals
Is 55376, 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, 55376 was a Seller's Market.
Key Takeaway
55376 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 55376, MN
How much do homes in 55376, MN cost?
Median Sold Price
$430,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,000(-2.1%)
Key Takeaway
Homes in 55376 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 55376 was $430,000 in October 2024, down 2.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307K | $297.5K | -3.1% |
| 3 Bedrooms | $391.9K | $369.9K | -5.6% |
| 4 Bedrooms | $464.9K | $480K | +3.2% |
| 5+ Bedrooms | $496.5K | $525K | +5.7% |
Summary: 55376 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 decreased by 3.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 55376, MN
How many homes are available in 55376, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 174 | 206 | +18.4% |
Summary: The 55376 real estate market had 206 homes for sale in October 2024, a 18.4% 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 | 19 | 27 | +42.1% |
| 3 Bedrooms | 49 | 58 | +18.4% |
| 4 Bedrooms | 77 | 79 | +2.6% |
| 5+ Bedrooms | 29 | 42 | +44.8% |
Summary: The 55376 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 42.1%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 44.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55376, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in 55376 in October 2024, down by 5.9% month-over-month. Of the 32 sold homes, 34% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for 55376, MN
How long does it take to sell a home in 55376, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -5.7% |
Summary: Homes in 55376 had an average of 32 days on market in Oct 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55376 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in 55376; 59% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
