$3,978 Closing Credit*
$335,000
1,610 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Bridge Realty, LLC
Is 55425, 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, 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
$325,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$500(+0.2%)
Key Takeaway
The sold price of homes in 55425 has remained the same since last year.
Summary: The median home sold price in 55425 was $325,500 in November 2024, up 0.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.5K | $248.5K | +24.6% |
| 2 Bedrooms | $315.2K | $300K | -4.8% |
| 3 Bedrooms | $329.7K | $340.5K | +3.3% |
| 4 Bedrooms | $360K | $360K | 0.0% |
| 5+ Bedrooms | $365.5K | $417.5K | +14.2% |
Summary: 55425 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes did not change, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The 55425 real estate market had 24 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55425 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were 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 November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 34 Days | +109.6% |
Summary: Homes in 55425 had an average of 34 days on market in Nov 2024, up by 109.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 7 homes were sold in 55425; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
