$5,759 Closing Credit*
$485,000
2,428 SqFt
5 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55417, 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, 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
$363,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,000(+3.7%)
Key Takeaway
Homes in 55417 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 55417 was $363,000 in November 2024, up 3.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $207K | +8.4% |
| 2 Bedrooms | $275.5K | $297.5K | +8.0% |
| 3 Bedrooms | $366K | $379.9K | +3.8% |
| 4 Bedrooms | $439.9K | $450K | +2.3% |
| 5+ Bedrooms | $420K | $601.8K | +43.3% |
Summary: 55417 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 86 | -12.2% |
Summary: The 55417 real estate market had 86 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 59 | 48 | -18.6% |
| 4 Bedrooms | 16 | 22 | +37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55417 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 24 | -22.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55417, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 55417 in November 2024, down by 22.6% month-over-month. Of the 24 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +17.8% |
Summary: Homes in 55417 had an average of 25 days on market in Nov 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 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 November 2024, 24 homes were sold in 55417; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
