$2,553 Closing Credit*
$215,000
4,320 SqFt
6 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is 55411, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55411 was a Seller's Market.
Key Takeaway
55411 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55411, MN
How much do homes in 55411, MN cost?
Median Sold Price
$235,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,516(+5.6%)
Key Takeaway
Homes in 55411 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 55411 was $235,000 in November 2024, up 5.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $162.4K | +195.3% |
| 2 Bedrooms | $184.9K | $169.9K | -8.1% |
| 3 Bedrooms | $218.7K | $232K | +6.0% |
| 4 Bedrooms | $243.7K | $260.8K | +7.0% |
| 5+ Bedrooms | $265K | $250K | -5.7% |
Summary: 55411 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 195.3%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 55411, MN
How many homes are available in 55411, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 80 | -11.1% |
Summary: The 55411 real estate market had 80 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 55411 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 13 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55411, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 55411 in November 2024, down by 50.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.
Days on Market for 55411, MN
How long does it take to sell a home in 55411, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 30 Days | -22.8% |
Summary: Homes in 55411 had an average of 30 days on market in Nov 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55411 has remained consistent over time.
Summary: During November 2024, 13 homes were sold in 55411; 46% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
