$2,255 Closing Credit*
$189,900
895 SqFt
2 Beds
•1 Full Bath
Listing Office: Legacy Home Group MN LLC
Is 55382, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$402,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,000(+14.9%)
Key Takeaway
Homes in 55382 have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in 55382 was $402,000 in November 2024, up 14.9% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $175.2K | -57.8% |
| 2 Bedrooms | $334.7K | $320K | -4.4% |
| 3 Bedrooms | $300K | $500K | +66.7% |
| 4 Bedrooms | $440K | $624.4K | +41.9% |
| 5+ Bedrooms | $350K | $489.5K | +39.9% |
Summary: 55382 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.8%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 41.9%, and 5+ bedroom homes increased by 39.9%.
Housing Supply in 55382, MN
How many homes are available in 55382, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The 55382 real estate market had 13 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55382 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 decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55382 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 134 Days | +318.8% |
Summary: Homes in 55382 had an average of 134 days on market in Nov 2024, up by 318.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55382 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 55382; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
