$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 Buyer's Market.
Key Takeaway
55389 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55389, MN
How much do homes in 55389, MN cost?
Median Sold Price
$358,500
$209/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$33,500(+10.3%)
Key Takeaway
Homes in 55389 have sold for 10.3% more than they did a month ago.
Summary: The median home sold price in 55389 was $358,500 in November 2024, up 10.3% from last month, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $299K | N/A |
| 3 Bedrooms | $325K | $465K | +43.1% |
| 4 Bedrooms | - | $316.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55389 housing prices by bedroom type for November 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 increased by 43.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The 55389 real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55389 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55389, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 55389 in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 9 Days | -69.0% |
Summary: Homes in 55389 had an average of 9 days on market in Nov 2024, down by 69% compared to last month.
Breakdown of Home Sale Times
4 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 55389 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 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.
