$4,453 Closing Credit*
$375,000
2,921 SqFt
4 Beds
•1 Full Bath
Listing Office: eXp Realty
Is 55437, 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, 55437 has remained a Seller's Market.
Key Takeaway
55437 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55437, MN
How much do homes in 55437, MN cost?
Median Sold Price
$375,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+6.8%)
Key Takeaway
Homes in 55437 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 55437 was $375,000 in October 2024, up 6.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $166.5K | +23.3% |
| 2 Bedrooms | $270.6K | $277.5K | +2.5% |
| 3 Bedrooms | $350K | $371K | +6.0% |
| 4 Bedrooms | $451.7K | $438K | -3.0% |
| 5+ Bedrooms | $540K | $486K | -10.0% |
Summary: 55437 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 10%.
Housing Supply in 55437, MN
How many homes are available in 55437, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 72 | +7.5% |
Summary: The 55437 real estate market had 72 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 55437 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55437, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 55437 in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% were sold over asking.
Days on Market for 55437, MN
How long does it take to sell a home in 55437, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 19 Days | -28.2% |
Summary: Homes in 55437 had an average of 19 days on market in Oct 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55437 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 55437; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
