$2,256 Closing Credit*
$190,000
752 SqFt
1 Bed
•1 Full Bath
Listing Office: Realty Group LLC
Is 55417, 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, 55417 has remained a Seller's Market.
Key Takeaway
55417 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55417, MN
How much do homes in 55417, MN cost?
Median Sold Price
$355,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.4%)
Key Takeaway
Homes in 55417 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 55417 was $355,000 in October 2024, up 1.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193K | $203.7K | +5.6% |
| 2 Bedrooms | $275K | $290K | +5.5% |
| 3 Bedrooms | $360K | $378.5K | +5.1% |
| 4 Bedrooms | $441.7K | $438.7K | -0.7% |
| 5+ Bedrooms | $420K | $601.8K | +43.3% |
Summary: 55417 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 43.3%.
Housing Supply in 55417, MN
How many homes are available in 55417, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 102 | +1.0% |
Summary: The 55417 real estate market had 102 homes for sale in October 2024, a 1.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 56 | 62 | +10.7% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55417 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55417, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 55417 in October 2024, down by 22.2% month-over-month. Of the 28 sold homes, 32% were sold under asking, 25% were sold at asking, and 43% were sold over asking.
Days on Market for 55417, MN
How long does it take to sell a home in 55417, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +5.5% |
Summary: Homes in 55417 had an average of 23 days on market in Oct 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55417 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 55417; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
