$3,147 Closing Credit*
$265,000
1,254 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is 55379, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55379 has remained a Seller's Market.
Key Takeaway
55379 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55379, MN
How much do homes in 55379, MN cost?
Median Sold Price
$397,310
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,510(+3.8%)
Key Takeaway
Homes in 55379 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 55379 was $397,310 in November 2024, up 3.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | - | N/A |
| 2 Bedrooms | $256.5K | $260K | +1.4% |
| 3 Bedrooms | $335K | $358.3K | +7.0% |
| 4 Bedrooms | $473.1K | $485K | +2.5% |
| 5+ Bedrooms | $600K | $550K | -8.3% |
Summary: 55379 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 1.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 8.3%.
Housing Supply in 55379, MN
How many homes are available in 55379, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 201 | 215 | +7.0% |
Summary: The 55379 real estate market had 215 homes for sale in November 2024, a 7.0% 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 | 38 | 41 | +7.9% |
| 3 Bedrooms | 69 | 67 | -2.9% |
| 4 Bedrooms | 60 | 70 | +16.7% |
| 5+ Bedrooms | 34 | 37 | +8.8% |
Summary: The 55379 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 7.9%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 40 | -20.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55379, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 55379 in November 2024, down by 20.0% month-over-month. Of the 40 sold homes, 55% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for 55379, MN
How long does it take to sell a home in 55379, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 33 Days | +1.4% |
Summary: Homes in 55379 had an average of 33 days on market in Nov 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55379 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in 55379; 53% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
