$3,526 Closing Credit*
$296,900
1,157 SqFt
3 Beds
•2 Full Baths
Listing Office: LGI Realty-Minnesota, LLC
Is 55390, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55390 has remained a Seller's Market.
Key Takeaway
55390 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55390, MN
How much do homes in 55390, MN cost?
Median Sold Price
$345,900
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,450(+5.6%)
Key Takeaway
Homes in 55390 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 55390 was $345,900 in October 2024, up 5.6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $275.5K | +4.0% |
| 3 Bedrooms | $327.4K | $345.9K | +5.6% |
| 4 Bedrooms | $337.4K | $350K | +3.7% |
| 5+ Bedrooms | $354.9K | $329.7K | -7.1% |
Summary: 55390 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 55390, MN
How many homes are available in 55390, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The 55390 real estate market had 34 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 55390 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 decreased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55390, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 55390 in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for 55390, MN
How long does it take to sell a home in 55390, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 59 Days | +1033.3% |
Summary: Homes in 55390 had an average of 59 days on market in Oct 2024, up by 1033.3% compared to last year.
Breakdown of Home Sale Times
2 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 55390 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 55390; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
