$3,978 Closing Credit*
$335,000
1,400 SqFt
3 Beds
•1 Full Bath
Listing Office: Good Move Realty
Is 55438, 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, 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
$406,200
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,200(+1.6%)
Key Takeaway
Homes in 55438 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 55438 was $406,200 in November 2024, up 1.6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $158K | -1.2% |
| 2 Bedrooms | $246.3K | $245K | -0.5% |
| 3 Bedrooms | $410K | $426.1K | +3.9% |
| 4 Bedrooms | $550K | $546.9K | -0.6% |
| 5+ Bedrooms | $775K | $612.5K | -21.0% |
Summary: 55438 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 21%.
Housing Supply in 55438, MN
How many homes are available in 55438, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 62 | +6.9% |
Summary: The 55438 real estate market had 62 homes for sale in November 2024, a 6.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 55438 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55438, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 55438 in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 24 Days | -34.6% |
Summary: Homes in 55438 had an average of 24 days on market in Nov 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55438 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 55438; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
