$2,197 Closing Credit*
$185,000
1,020 SqFt
1 Bed
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Classic Rlty NW
Is 55421, 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, 55421 has remained a Seller's Market.
Key Takeaway
55421 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55421, MN
How much do homes in 55421, MN cost?
Median Sold Price
$293,250
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,250(+1.1%)
Key Takeaway
Homes in 55421 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 55421 was $293,250 in November 2024, up 1.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.5K | $188.7K | +5.2% |
| 2 Bedrooms | $235K | $245.9K | +4.7% |
| 3 Bedrooms | $291K | $300K | +3.1% |
| 4 Bedrooms | $327K | $320K | -2.1% |
| 5+ Bedrooms | $370.8K | $364.5K | -1.7% |
Summary: 55421 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 55421, MN
How many homes are available in 55421, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 103 | 0.0% |
Summary: The 55421 real estate market had 103 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 51 | 49 | -3.9% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 55421 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 27 | +42.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55421, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 55421 in November 2024, up by 42.1% month-over-month. Of the 27 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% were sold over asking.
Days on Market for 55421, MN
How long does it take to sell a home in 55421, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 Days | -15.2% |
Summary: Homes in 55421 had an average of 22 days on market in Nov 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55421 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 55421; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
