$4,144 Closing Credit*
$349,000
2,049 SqFt
5 Beds
•1 Full Bath
Listing Office: Keller Williams Select Realty
Is 55428, 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, 55428 has remained a Seller's Market.
Key Takeaway
55428 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55428, MN
How much do homes in 55428, MN cost?
Median Sold Price
$315,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+5.0%)
Key Takeaway
Homes in 55428 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 55428 was $315,000 in November 2024, up 5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.1K | $65.9K | -4.6% |
| 2 Bedrooms | $250K | $231.5K | -7.4% |
| 3 Bedrooms | $294.5K | $305K | +3.6% |
| 4 Bedrooms | $329.5K | $347.9K | +5.6% |
| 5+ Bedrooms | $352.4K | $410.5K | +16.5% |
Summary: 55428 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 16.5%.
Housing Supply in 55428, MN
How many homes are available in 55428, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 89 | -1.1% |
Summary: The 55428 real estate market had 89 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 8 | +166.7% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 43 | 42 | -2.3% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 55428 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 166.7%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 17 | -43.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55428, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 55428 in November 2024, down by 43.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for 55428, MN
How long does it take to sell a home in 55428, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +25.2% |
Summary: Homes in 55428 had an average of 27 days on market in Nov 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55428 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 55428; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
