$2,789 Closing Credit*
$234,900
1,428 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: eXp Realty
Is 55438, 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, 55438 has remained a Seller's Market.
Key Takeaway
55438 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55438, MN
How much do homes in 55438, MN cost?
Median Sold Price
$401,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,000(+0.3%)
Key Takeaway
The sold price of homes in 55438 has remained the same since last year.
Summary: The median home sold price in 55438 was $401,000 in October 2024, up 0.3% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $158K | -1.2% |
| 2 Bedrooms | $248K | $245K | -1.2% |
| 3 Bedrooms | $412.5K | $407.5K | -1.2% |
| 4 Bedrooms | $535K | $546.9K | +2.2% |
| 5+ Bedrooms | $762.5K | $587.5K | -23.0% |
Summary: 55438 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 23%.
Housing Supply in 55438, MN
How many homes are available in 55438, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 59 | +1.7% |
Summary: The 55438 real estate market had 59 homes for sale in October 2024, a 1.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 55438 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55438, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 55438 in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 12% were sold under asking, 24% were sold at asking, and 65% were sold over asking.
Days on Market for 55438, MN
How long does it take to sell a home in 55438, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +9.1% |
Summary: Homes in 55438 had an average of 24 days on market in Oct 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
12 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 55438 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 55438; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
