$2,968 Closing Credit*
$249,900
1,300 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Dave Brown, REALTORS
Is 55378, 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, 55378 has remained a Seller's Market.
Key Takeaway
55378 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55378, MN
How much do homes in 55378, MN cost?
Median Sold Price
$415,833
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,833(+2.7%)
Key Takeaway
Homes in 55378 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 55378 was $415,833 in October 2024, up 2.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $293.4K | -0.5% |
| 3 Bedrooms | $377.4K | $368K | -2.5% |
| 4 Bedrooms | $442.2K | $461K | +4.2% |
| 5+ Bedrooms | $530K | $585K | +10.4% |
Summary: 55378 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 0.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in 55378, MN
How many homes are available in 55378, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 118 | +4.4% |
Summary: The 55378 real estate market had 118 homes for sale in October 2024, a 4.4% 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 | 18 | 22 | +22.2% |
| 3 Bedrooms | 41 | 43 | +4.9% |
| 4 Bedrooms | 43 | 39 | -9.3% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 55378 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 22.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55378, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 55378 in October 2024, down by 14.7% month-over-month. Of the 29 sold homes, 34% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for 55378, MN
How long does it take to sell a home in 55378, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 24 Days | -29.6% |
Summary: Homes in 55378 had an average of 24 days on market in Oct 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55378 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 55378; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
