$4,014 Closing Credit*
$338,000
2,584 SqFt
3 Beds
•1 Full Bath
Listing Office: River Town Realty of MN, INC
Is 55437, 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, 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
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,500(+5.2%)
Key Takeaway
Homes in 55437 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 55437 was $375,000 in November 2024, up 5.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.5K | $175K | +31.1% |
| 2 Bedrooms | $269K | $274.9K | +2.2% |
| 3 Bedrooms | $353K | $377.5K | +6.9% |
| 4 Bedrooms | $451.7K | $437.5K | -3.2% |
| 5+ Bedrooms | $545K | $486K | -10.8% |
Summary: 55437 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.1%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in 55437, MN
How many homes are available in 55437, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 57 | -10.9% |
Summary: The 55437 real estate market had 57 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 55437 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 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55437, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 55437 in November 2024, the same as the previous month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +20.6% |
Summary: Homes in 55437 had an average of 28 days on market in Nov 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 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 November 2024, 17 homes were sold in 55437; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
