$4,037 Closing Credit*
$339,999
1,560 SqFt
3 Beds
•1 Full Bath
Listing Office: Redfin Corporation
Is 55423, 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, 55423 has remained a Seller's Market.
Key Takeaway
55423 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55423, MN
How much do homes in 55423, MN cost?
Median Sold Price
$350,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.5%)
Key Takeaway
Homes in 55423 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 55423 was $350,000 in October 2024, up 4.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $136.2K | +4.8% |
| 2 Bedrooms | $272K | $300K | +10.3% |
| 3 Bedrooms | $336.5K | $348K | +3.4% |
| 4 Bedrooms | $365K | $381.5K | +4.5% |
| 5+ Bedrooms | $400K | $417.5K | +4.4% |
Summary: 55423 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in 55423, MN
How many homes are available in 55423, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 119 | -3.3% |
Summary: The 55423 real estate market had 119 homes for sale in October 2024, a 3.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 54 | 52 | -3.7% |
| 4 Bedrooms | 32 | 28 | -12.5% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 55423 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55423, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 55423 in October 2024, down by 2.6% month-over-month. Of the 38 sold homes, 37% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for 55423, MN
How long does it take to sell a home in 55423, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 35 Days | +2.8% |
Summary: Homes in 55423 had an average of 35 days on market in Oct 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55423 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in 55423; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
