$9,916 Closing Credit*
$835,000
2,530 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
Is 55441, 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, 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
$432,500
$202/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in 55441 has remained the same since last year.
Summary: The median home sold price in 55441 was $432,500 in October 2024, the same as last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $153K | -9.5% |
| 2 Bedrooms | $291.5K | $294K | +0.9% |
| 3 Bedrooms | $408.9K | $412.5K | +0.9% |
| 4 Bedrooms | $496K | $455K | -8.3% |
| 5+ Bedrooms | $620K | $635K | +2.4% |
Summary: 55441 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in 55441, MN
How many homes are available in 55441, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 61 | +3.4% |
Summary: The 55441 real estate market had 61 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 55441 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 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. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 55441 in October 2024, up by 13.3% month-over-month. Of the 17 sold homes, 65% were sold under asking, 0% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 37 Days | +43.6% |
Summary: Homes in 55441 had an average of 37 days on market in Oct 2024, up by 43.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 17 homes were sold in 55441; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
