$4,263 Closing Credit*
$358,990
1,777 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Lennar Sales Corp
Is 55379, 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, 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
$394,933
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,983(+2.6%)
Key Takeaway
Homes in 55379 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 55379 was $394,933 in October 2024, up 2.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | - | N/A |
| 2 Bedrooms | $256.5K | $260K | +1.4% |
| 3 Bedrooms | $333.5K | $357.6K | +7.3% |
| 4 Bedrooms | $474.4K | $480K | +1.2% |
| 5+ Bedrooms | $600K | $554.9K | -7.5% |
Summary: 55379 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 1.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in 55379, MN
How many homes are available in 55379, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 | 236 | +15.7% |
Summary: The 55379 real estate market had 236 homes for sale in October 2024, a 15.7% 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 | 38 | 43 | +13.2% |
| 3 Bedrooms | 68 | 84 | +23.5% |
| 4 Bedrooms | 68 | 70 | +2.9% |
| 5+ Bedrooms | 30 | 39 | +30.0% |
Summary: The 55379 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 13.2%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 46 | -2.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55379, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in 55379 in October 2024, down by 2.1% month-over-month. Of the 46 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 28 Days | -9.1% |
Summary: Homes in 55379 had an average of 28 days on market in Oct 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 46 homes were sold in 55379; 65% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
