$2,968 Closing Credit*
$249,900
1,734 SqFt
5 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is 55412, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55412 has remained a Seller's Market.
Key Takeaway
55412 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55412, MN
How much do homes in 55412, MN cost?
Median Sold Price
$219,420
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,153(+1.5%)
Key Takeaway
Homes in 55412 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 55412 was $219,420 in November 2024, up 1.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $129K | -3.7% |
| 2 Bedrooms | $182.4K | $185K | +1.4% |
| 3 Bedrooms | $235K | $237.5K | +1.1% |
| 4 Bedrooms | $252.5K | $254K | +0.6% |
| 5+ Bedrooms | $275K | $275K | 0.0% |
Summary: 55412 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes did not change.
Housing Supply in 55412, MN
How many homes are available in 55412, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 120 | +13.2% |
Summary: The 55412 real estate market had 120 homes for sale in November 2024, a 13.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 27 | 33 | +22.2% |
| 3 Bedrooms | 42 | 49 | +16.7% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 55412 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55412, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 55412 in November 2024, up by 28.6% month-over-month. Of the 27 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for 55412, MN
How long does it take to sell a home in 55412, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 24 Days | -31.5% |
Summary: Homes in 55412 had an average of 24 days on market in Nov 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55412 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 55412; 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.
