$2,577 Closing Credit*
$217,000
1,040 SqFt
2 Beds
•1 Full Bath
Listing Office: Good Move Realty
Is 55435, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$239,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,000(+3.9%)
Key Takeaway
Homes in 55435 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 55435 was $239,000 in December 2024, up 3.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | $135K | -5.6% |
| 2 Bedrooms | $215K | $229.9K | +6.9% |
| 3 Bedrooms | $500K | $565K | +13.0% |
| 4 Bedrooms | $741K | $645K | -13.0% |
| 5+ Bedrooms | $850K | $960K | +12.9% |
Summary: 55435 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 55435, MN
How many homes are available in 55435, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 51 | 49 | -3.9% |
Summary: The 55435 real estate market had 49 homes for sale in December 2024, a 3.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 17 | -10.5% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55435 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55435, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 55435 in December 2024, down by 28.6% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 47 Days | 46 Days | -1.4% |
Summary: Homes in 55435 had an average of 46 days on market in Dec 2024, down by 1.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55435 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in 55435; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
