$3,859 Closing Credit*
$325,000
1,672 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Classic Rlty NW
Is 55441, 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, 55441 has remained a Seller's Market.
Key Takeaway
55441 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55441, MN
How much do homes in 55441, MN cost?
Median Sold Price
$435,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,100(+1.2%)
Key Takeaway
Homes in 55441 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 55441 was $435,000 in November 2024, up 1.2% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $153K | -9.5% |
| 2 Bedrooms | $303.7K | $294K | -3.2% |
| 3 Bedrooms | $409.8K | $416.2K | +1.6% |
| 4 Bedrooms | $472.5K | $456.5K | -3.4% |
| 5+ Bedrooms | $620K | $626.8K | +1.1% |
Summary: 55441 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 55441, MN
How many homes are available in 55441, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 57 | -8.1% |
Summary: The 55441 real estate market had 57 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 21 | 17 | -19.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 55441 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55441, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 55441 in November 2024, up by 5.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for 55441, MN
How long does it take to sell a home in 55441, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 31 Days | +169.2% |
Summary: Homes in 55441 had an average of 31 days on market in Nov 2024, up by 169.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55441 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 55441; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
