$10,000 Closing Credit*
$1,675,000
2,008 SqFt
2 Beds
•2 Full Baths
Listing Office: Compass
Is 55391, 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, 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
$957,500
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,533(+0.8%)
Key Takeaway
Homes in 55391 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 55391 was $957,500 in October 2024, up 0.8% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254.5K | $286.5K | +12.6% |
| 2 Bedrooms | $610K | $539.9K | -11.5% |
| 3 Bedrooms | $777K | $682.2K | -12.2% |
| 4 Bedrooms | $1.0M | $1.1M | +9.6% |
| 5+ Bedrooms | $1.7M | $1.6M | -7.7% |
Summary: 55391 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in 55391, MN
How many homes are available in 55391, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 141 | +9.3% |
Summary: The 55391 real estate market had 141 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 33 | 40 | +21.2% |
| 5+ Bedrooms | 44 | 50 | +13.6% |
Summary: The 55391 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55391, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 55391 in October 2024, up by 31.6% month-over-month. Of the 25 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 43 Days | +26.1% |
Summary: Homes in 55391 had an average of 43 days on market in Oct 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55391 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 55391; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
