$10,000 Closing Credit*
$1,395,000
4,599 SqFt
5 Beds
•3 Full Baths, 2 Partial
Listing Office: The Realty House
Is 55386, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55386 has remained a Seller's Market.
Key Takeaway
55386 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55386, MN
How much do homes in 55386, MN cost?
Median Sold Price
$544,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$40,500(-6.9%)
Key Takeaway
Homes in 55386 have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in 55386 was $544,500 in December 2024, down 6.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $302.5K | $345K | +14.0% |
| 3 Bedrooms | $462.5K | $390K | -15.7% |
| 4 Bedrooms | $629.4K | $569.9K | -9.4% |
| 5+ Bedrooms | $667.5K | $732.5K | +9.7% |
Summary: 55386 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 55386, MN
How many homes are available in 55386, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 48 | 45 | -6.3% |
Summary: The 55386 real estate market had 45 homes for sale in December 2024, a 6.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 55386 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55386, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 55386 in December 2024, up by 33.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for 55386, MN
How long does it take to sell a home in 55386, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 48 Days | 28 Days | -41.2% |
Summary: Homes in 55386 had an average of 28 days on market in Dec 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55386 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in 55386; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
