$7,469 Closing Credit*
$629,000
3,010 SqFt
5 Beds
•1 Full Bath
Listing Office: Twin Oaks Realty, Inc
Is 55429, 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, 55429 has remained a Seller's Market.
Key Takeaway
55429 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55429, MN
How much do homes in 55429, MN cost?
Median Sold Price
$295,666
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,666(+4.1%)
Key Takeaway
Homes in 55429 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 55429 was $295,666 in October 2024, up 4.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $94.9K | -23.1% |
| 2 Bedrooms | $219.9K | $220.5K | 0.3% |
| 3 Bedrooms | $285K | $290.3K | +1.9% |
| 4 Bedrooms | $315K | $322K | +2.2% |
| 5+ Bedrooms | $350K | $345K | -1.4% |
Summary: 55429 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 55429, MN
How many homes are available in 55429, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 86 | +14.7% |
Summary: The 55429 real estate market had 86 homes for sale in October 2024, a 14.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 20 | +66.7% |
| 3 Bedrooms | 41 | 45 | +9.8% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 55429 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55429, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 55429 in October 2024, up by 46.7% month-over-month. Of the 22 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% were sold over asking.
Days on Market for 55429, MN
How long does it take to sell a home in 55429, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 28 Days | +128.8% |
Summary: Homes in 55429 had an average of 28 days on market in Oct 2024, up by 128.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55429 has remained consistent over time.
Summary: During October 2024, 22 homes were sold in 55429; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
