Is 55382, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55382 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 55382 was a Seller's Market.

Key Takeaway

55382 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 55382, MN

How much do homes in 55382, MN cost?

Median Sold Price

$400,997

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$72,247(+22.0%)

Key Takeaway

Homes in 55382 have sold for 22% more than they did a year ago.

Summary: The median home sold price in 55382 was $400,997 in October 2024, up 22% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $415K$175.2K
-57.8%
2 $342.5K$320K
-6.6%
3 $292K$540K
+84.9%
4 $440K$600K
+36.4%
5+ $331K$367.5K
+11.0%

Summary: 55382 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.8%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 84.9%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Zip Codes

55382
+22.0%
55353
+17.6%
55320
+1.1%
55302
-6.8%

Housing Supply in 55382, MN

How many homes are available in 55382, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1614-12.5%

Summary: The 55382 real estate market had 14 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 56
+20.0%
4 66
0.0%
5+ 00
0.0%

Summary: The 55382 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 decreased by 60%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55382, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 55382 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 55382, MN

How long does it take to sell a home in 55382, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days18 Days+48.0%

Summary: Homes in 55382 had an average of 18 days on market in Oct 2024, up by 48% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55382 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 55382; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 55382, MN

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