$1,293 Closing Credit*
$108,900
1,280 SqFt
3 Beds
•1 Full Bath
Listing Office: Oak Realty LLP
Is 55382, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $175.2K | -57.8% |
| 2 Bedrooms | $342.5K | $320K | -6.6% |
| 3 Bedrooms | $292K | $540K | +84.9% |
| 4 Bedrooms | $440K | $600K | +36.4% |
| 5+ Bedrooms | $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%.
Housing Supply in 55382, MN
How many homes are available in 55382, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 18 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
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.
