$4,274 Closing Credit*
$359,900
2,538 SqFt
3 Beds
•1 Full Bath
Listing Office: Minneapolis Residential
Is 55432, 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, 55432 has remained a Seller's Market.
Key Takeaway
55432 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55432, MN
How much do homes in 55432, MN cost?
Median Sold Price
$310,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,127(-1.0%)
Key Takeaway
Homes in 55432 have sold for 1% less than they did a year ago.
Summary: The median home sold price in 55432 was $310,000 in October 2024, down 1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $122K | -6.2% |
| 2 Bedrooms | $255K | $250K | -2.0% |
| 3 Bedrooms | $312.2K | $310K | -0.7% |
| 4 Bedrooms | $340K | $351K | +3.2% |
| 5+ Bedrooms | $359K | $380K | +5.8% |
Summary: 55432 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 55432, MN
How many homes are available in 55432, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 102 | +7.4% |
Summary: The 55432 real estate market had 102 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 19 | 12 | -36.8% |
| 3 Bedrooms | 38 | 51 | +34.2% |
| 4 Bedrooms | 28 | 27 | -3.6% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 55432 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 decreased by 36.8%, 3 bedroom homes increased by 34.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55432, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 55432 in October 2024, down by 6.3% month-over-month. Of the 30 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for 55432, MN
How long does it take to sell a home in 55432, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +21.9% |
Summary: Homes in 55432 had an average of 30 days on market in Oct 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55432 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 55432; 57% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
