$4,869 Closing Credit*
$410,000
1,825 SqFt
3 Beds
•1 Full Bath
Listing Office: Cedar Association Realty
Is 55410, 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, 55410 has remained a Seller's Market.
Key Takeaway
55410 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55410, MN
How much do homes in 55410, MN cost?
Median Sold Price
$574,975
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,525(-0.4%)
Key Takeaway
The sold price of homes in 55410 has remained the same since last year.
Summary: The median home sold price in 55410 was $574,975 in October 2024, down 0.4% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200.7K | $208.5K | +3.9% |
| 2 Bedrooms | $378.7K | $406.2K | +7.3% |
| 3 Bedrooms | $508.7K | $485K | -4.7% |
| 4 Bedrooms | $778K | $711.2K | -8.6% |
| 5+ Bedrooms | $1.2M | $1.2M | -2.8% |
Summary: 55410 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 55410, MN
How many homes are available in 55410, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 146 | +15.0% |
Summary: The 55410 real estate market had 146 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 43 | 54 | +25.6% |
| 4 Bedrooms | 46 | 51 | +10.9% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The 55410 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55410, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 55410 in October 2024, up by 12.0% month-over-month. Of the 28 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for 55410, MN
How long does it take to sell a home in 55410, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 62 Days | +132.4% |
Summary: Homes in 55410 had an average of 62 days on market in Oct 2024, up by 132.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55410 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 55410; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
