$4,691 Closing Credit*
$395,000
1,860 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55420, 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, 55420 has remained a Seller's Market.
Key Takeaway
55420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55420, MN
How much do homes in 55420, MN cost?
Median Sold Price
$348,750
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,750(+5.7%)
Key Takeaway
Homes in 55420 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 55420 was $348,750 in October 2024, up 5.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $129K | -36.3% |
| 2 Bedrooms | $255K | $258K | +1.2% |
| 3 Bedrooms | $339.1K | $334.9K | -1.2% |
| 4 Bedrooms | $365K | $371K | +1.6% |
| 5+ Bedrooms | $378.2K | $416.5K | +10.1% |
Summary: 55420 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in 55420, MN
How many homes are available in 55420, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 68 | +9.7% |
Summary: The 55420 real estate market had 68 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 17 | 24 | +41.2% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 55420 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55420, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 55420 in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for 55420, MN
How long does it take to sell a home in 55420, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +8.4% |
Summary: Homes in 55420 had an average of 24 days on market in Oct 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55420 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 55420; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
