$3,799 Closing Credit*
$319,900
1,052 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is 55425, 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, 55425 has remained a Seller's Market.
Key Takeaway
55425 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55425, MN
How much do homes in 55425, MN cost?
Median Sold Price
$320,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,500(-2.0%)
Key Takeaway
Homes in 55425 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 55425 was $320,000 in October 2024, down 2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.9K | $245K | -0.8% |
| 2 Bedrooms | $318K | $297K | -6.6% |
| 3 Bedrooms | $329.7K | $341K | +3.4% |
| 4 Bedrooms | $360K | $370K | +2.8% |
| 5+ Bedrooms | $365.5K | $417.5K | +14.2% |
Summary: 55425 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 55425, MN
How many homes are available in 55425, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The 55425 real estate market had 28 homes for sale in October 2024, a 9.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 8 | -27.3% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55425 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55425, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 55425 in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 55425, MN
How long does it take to sell a home in 55425, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 36 Days | +62.6% |
Summary: Homes in 55425 had an average of 36 days on market in Oct 2024, up by 62.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55425 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 55425; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
