$2,909 Closing Credit*
$245,000
1,530 SqFt
4 Beds
•1 Full Bath
Listing Office: National Realty Guild
Is 55421, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55421 was a Seller's Market.
Key Takeaway
55421 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55421, MN
How much do homes in 55421, MN cost?
Median Sold Price
$290,587
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$337(+0.1%)
Key Takeaway
The sold price of homes in 55421 has remained the same since last year.
Summary: The median home sold price in 55421 was $290,587 in October 2024, up 0.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $182.2K | +10.5% |
| 2 Bedrooms | $233.5K | $245.9K | +5.3% |
| 3 Bedrooms | $291K | $300K | +3.1% |
| 4 Bedrooms | $327K | $321.7K | -1.6% |
| 5+ Bedrooms | $372.6K | $379.9K | +2.0% |
Summary: 55421 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 2%.
Housing Supply in 55421, MN
How many homes are available in 55421, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 110 | +26.4% |
Summary: The 55421 real estate market had 110 homes for sale in October 2024, a 26.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 41 | 52 | +26.8% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The 55421 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55421, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 55421 in October 2024, down by 39.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +39.0% |
Summary: Homes in 55421 had an average of 24 days on market in Oct 2024, up by 39% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 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 October 2024, 17 homes were sold in 55421; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
