$10,000 Closing Credit*
$1,080,000
1,253 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is 55391, 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, 55391 has remained a Seller's Market.
Key Takeaway
55391 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55391, MN
How much do homes in 55391, MN cost?
Median Sold Price
$970,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,016(+1.0%)
Key Takeaway
Homes in 55391 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 55391 was $970,000 in December 2024, up 1% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $264.7K | $243K | -8.2% |
| 2 Bedrooms | $599.7K | $492.2K | -17.9% |
| 3 Bedrooms | $787.5K | $658K | -16.4% |
| 4 Bedrooms | $1.0M | $1.1M | +16.3% |
| 5+ Bedrooms | $1.7M | $1.6M | -2.8% |
Summary: 55391 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 55391, MN
How many homes are available in 55391, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 105 | 99 | -5.7% |
Summary: The 55391 real estate market had 99 homes for sale in December 2024, a 5.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 38 | 36 | -5.3% |
Summary: The 55391 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55391, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 55391 in December 2024, up by 11.8% month-over-month. Of the 19 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for 55391, MN
How long does it take to sell a home in 55391, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +25.5% |
Summary: Homes in 55391 had an average of 25 days on market in Dec 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55391 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 19 homes were sold in 55391; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
