$3,266 Closing Credit*
$275,000
1,318 SqFt
3 Beds
•2 Full Baths
Listing Office: Compass
Is 55435, 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, 55435 has remained a Seller's Market.
Key Takeaway
55435 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55435, MN
How much do homes in 55435, MN cost?
Median Sold Price
$256,500
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,500(+16.6%)
Key Takeaway
Homes in 55435 have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in 55435 was $256,500 in October 2024, up 16.6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $135K | -3.6% |
| 2 Bedrooms | $210K | $230K | +9.5% |
| 3 Bedrooms | $487.5K | $565K | +15.9% |
| 4 Bedrooms | $715.5K | $679.4K | -5.0% |
| 5+ Bedrooms | $850K | $936K | +10.1% |
Summary: 55435 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in 55435, MN
How many homes are available in 55435, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 63 | +26.0% |
Summary: The 55435 real estate market had 63 homes for sale in October 2024, a 26.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 18 | +50.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 55435 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55435, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55435 in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.
Days on Market for 55435, MN
How long does it take to sell a home in 55435, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 53 Days | +53.5% |
Summary: Homes in 55435 had an average of 53 days on market in Oct 2024, up by 53.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55435 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 55435; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
