$6,519 Closing Credit*
$548,990
2,271 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Lennar Sales Corp
Is 55387, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 55387 was a Seller's Market.
Key Takeaway
55387 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 55387, MN
How much do homes in 55387, MN cost?
Median Sold Price
$465,975
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,985(+1.3%)
Key Takeaway
Homes in 55387 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 55387 was $465,975 in December 2024, up 1.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $272.9K | N/A |
| 2 Bedrooms | $244K | $251K | +2.9% |
| 3 Bedrooms | $417K | $400K | -4.1% |
| 4 Bedrooms | $484.9K | $484.9K | 0.0% |
| 5+ Bedrooms | $552.4K | $555K | 0.5% |
Summary: 55387 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 2.9%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Zip Codes
| 55318 | $431K | $485.7K | +12.7% |
| 55387 | $459.9K | $465.9K | +1.3% |
| 55322 | $405K | $408K | +0.7% |
| 55386 | $585K | $544.5K | -6.9% |
| 55375 | $481.3K | $421K | -12.5% |
Housing Supply in 55387, MN
How many homes are available in 55387, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 84 | 85 | +1.2% |
Summary: The 55387 real estate market had 85 homes for sale in December 2024, a 1.2% increase 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 | 13 | 13 | 0.0% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 23 | 32 | +39.1% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The 55387 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 remained the same, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55387, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 55387 in December 2024, down by 18.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.
Days on Market for 55387, MN
How long does it take to sell a home in 55387, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 45 Days | 54 Days | +20.6% |
Summary: Homes in 55387 had an average of 54 days on market in Dec 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55387 has remained consistent over time.
Summary: During December 2024, 13 homes were sold in 55387; 23% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
