$5,938 Closing Credit*
$500,000
1,732 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Oak Realty LLP
Is 55389, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 55389 was a Seller's Market.
Key Takeaway
55389 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55389, MN
How much do homes in 55389, MN cost?
Median Sold Price
$325,000
$173/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$10,000(-3.0%)
Key Takeaway
Homes in 55389 have sold for 3% less than they did a month ago.
Summary: The median home sold price in 55389 was $325,000 in October 2024, down 3% from last month, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $335K | $325K | -3.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55389 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 55389, MN
How many homes are available in 55389, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The 55389 real estate market had 13 homes for sale in October 2024, a 30.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55389 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 increased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55389, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 55389 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 55389, MN
How long does it take to sell a home in 55389, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 29 Days | +286.7% |
Summary: Homes in 55389 had an average of 29 days on market in Oct 2024, up by 286.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55389 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 55389; 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.
