$10,000 Closing Credit*
$850,000
3,106 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Century 21 Atwood
Is 55424, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55424 has remained a Seller's Market.
Key Takeaway
55424 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55424, MN
How much do homes in 55424, MN cost?
Median Sold Price
$995,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$93,250(-8.6%)
Key Takeaway
Homes in 55424 have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in 55424 was $995,000 in December 2024, down 8.6% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $673K | $463.8K | -31.1% |
| 3 Bedrooms | $675K | $640K | -5.2% |
| 4 Bedrooms | $970K | $850K | -12.4% |
| 5+ Bedrooms | $1.7M | $1.5M | -10.8% |
Summary: 55424 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.1%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in 55424, MN
How many homes are available in 55424, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Summary: The 55424 real estate market had 41 homes for sale in December 2024, a 8.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The 55424 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55424, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 55424 in December 2024, up by 57.1% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for 55424, MN
How long does it take to sell a home in 55424, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 67 Days | +136.0% |
Summary: Homes in 55424 had an average of 67 days on market in Dec 2024, up by 136% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 55424 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 11 homes were sold in 55424; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
