Is 55439, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55439 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 55439 has remained a Seller's Market.

Key Takeaway

55439 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55439, MN

How much do homes in 55439, MN cost?

Median Sold Price

$669,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$76,500(+12.9%)

Key Takeaway

Homes in 55439 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 55439 was $669,000 in October 2024, up 12.9% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $299.9K$380K
+26.7%
2 $334.9K$346.5K
+3.5%
3 $535K$500K
-6.5%
4 $707.2K$732.5K
+3.6%
5+ $950K$985K
+3.7%

Summary: 55439 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

55435
+16.6%
55436
+15.1%
55439
+12.9%
55438
0.3%
55424
-7.2%

Housing Supply in 55439, MN

How many homes are available in 55439, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5667+19.6%

Summary: The 55439 real estate market had 67 homes for sale in October 2024, a 19.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1924
+26.3%
3 611
+83.3%
4 1618
+12.5%
5+ 1312
-7.7%

Summary: The 55439 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55439, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 55439 in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 55439, MN

How long does it take to sell a home in 55439, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days40 Days+72.7%

Summary: Homes in 55439 had an average of 40 days on market in Oct 2024, up by 72.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55439 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 55439; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 55439, MN

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