$5,639 Closing Credit*
$474,900
2,668 SqFt
5 Beds
•2 Full Baths
Listing Office: Capstone Realty, LLC
Is 55376, 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, 55376 was a Seller's Market.
Key Takeaway
55376 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55376, MN
How much do homes in 55376, MN cost?
Median Sold Price
$439,983
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,783(+1.8%)
Key Takeaway
Homes in 55376 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 55376 was $439,983 in November 2024, up 1.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $303.4K | $309.4K | +2.0% |
| 3 Bedrooms | $385K | $367.4K | -4.6% |
| 4 Bedrooms | $466.4K | $485.9K | +4.2% |
| 5+ Bedrooms | $494K | $526.3K | +6.5% |
Summary: 55376 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 55376, MN
How many homes are available in 55376, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 177 | 190 | +7.3% |
Summary: The 55376 real estate market had 190 homes for sale in November 2024, a 7.3% 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 | 24 | 25 | +4.2% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 67 | 64 | -4.5% |
| 5+ Bedrooms | 35 | 42 | +20.0% |
Summary: The 55376 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 increased by 4.2%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 23 | -30.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55376, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in 55376 in November 2024, down by 30.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 43% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 48 Days | +28.0% |
Summary: Homes in 55376 had an average of 48 days on market in Nov 2024, up by 28% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55376 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 55376; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
