$3,741 Closing Credit*
$315,000
2,173 SqFt
3 Beds
•1 Full Bath
Listing Office: eXp Realty
Is 55429, 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, 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
$295,333
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,333(+3.6%)
Key Takeaway
Homes in 55429 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 55429 was $295,333 in November 2024, up 3.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $94.9K | -23.1% |
| 2 Bedrooms | $219.9K | $220.5K | 0.3% |
| 3 Bedrooms | $285.2K | $295K | +3.4% |
| 4 Bedrooms | $315K | $320.9K | +1.9% |
| 5+ Bedrooms | $349.9K | $345K | -1.4% |
Summary: 55429 housing prices by bedroom type for November 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 3.4%, 4 bedroom homes increased by 1.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 75 | -2.6% |
Summary: The 55429 real estate market had 75 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 43 | 41 | -4.7% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 55429 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55429, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 55429 in November 2024, down by 9.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +21.1% |
Summary: Homes in 55429 had an average of 26 days on market in Nov 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55429 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 55429; 60% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
