$1,721 Closing Credit*
$144,900
1,895 SqFt
5 Beds
•2 Full Baths
Listing Office: Premier Choice Realty
Is 55396, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55396 has remained a Seller's Market.
Key Takeaway
55396 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55396, MN
How much do homes in 55396, MN cost?
Median Sold Price
$185,000
$101/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$45,250(-19.7%)
Key Takeaway
Homes in 55396 have sold for 19.7% less than they did a month ago.
Summary: The median home sold price in 55396 was $185,000 in October 2024, down 19.7% from last month, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $230.2K | $192.5K | -16.4% |
| 4 Bedrooms | - | $185K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55396 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 16.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55312 | $220K | $217.5K | -1.1% |
| 55335 | $142.5K | $139K | -2.5% |
| 55334 | $470K | $435K | -7.4% |
| 55396 | $230.2K | $185K | -19.7% |
Housing Supply in 55396, MN
How many homes are available in 55396, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The 55396 real estate market had 8 homes for sale in October 2024, a 11.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 55396 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 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 55396, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55396 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 55396, MN
How long does it take to sell a home in 55396, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 176 Days | 39 Days | -77.5% |
Summary: Homes in 55396 had an average of 39 days on market in Oct 2024, down by 77.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55396 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 55396; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
