$4,571 Closing Credit*
$384,900
2,205 SqFt
4 Beds
•1 Full Bath
Listing Office: National Realty Guild
Is 55434, 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, 55434 has remained a Seller's Market.
Key Takeaway
55434 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55434, MN
How much do homes in 55434, MN cost?
Median Sold Price
$330,500
$194/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 55434 has remained the same since last year.
Summary: The median home sold price in 55434 was $330,500 in November 2024, up 0.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $598.5K | $282.5K | -52.8% |
| 2 Bedrooms | $249.9K | $255K | +2.0% |
| 3 Bedrooms | $330K | $328K | -0.6% |
| 4 Bedrooms | $365.5K | $366K | 0.1% |
| 5+ Bedrooms | $412K | $375.4K | -8.9% |
Summary: 55434 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.8%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 8.9%.
Housing Supply in 55434, MN
How many homes are available in 55434, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 87 | -17.1% |
Summary: The 55434 real estate market had 87 homes for sale in November 2024, a 17.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 43 | 34 | -20.9% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 55434 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 20.9%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 28 | -31.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55434, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 55434 in November 2024, down by 31.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 14% were sold at asking, and 46% were sold over asking.
Days on Market for 55434, MN
How long does it take to sell a home in 55434, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +53.2% |
Summary: Homes in 55434 had an average of 31 days on market in Nov 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55434 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 55434; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
