$5,641 Closing Credit*
$475,000
2,846 SqFt
4 Beds
•2 Full Baths
Listing Office: Weichert, Realtors-Advantage
Is 55442, 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, 55442 has remained a Seller's Market.
Key Takeaway
55442 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55442, MN
How much do homes in 55442, MN cost?
Median Sold Price
$460,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,100(+2.2%)
Key Takeaway
Homes in 55442 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 55442 was $460,000 in November 2024, up 2.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142K | $148.5K | +4.6% |
| 2 Bedrooms | $237.5K | $229K | -3.6% |
| 3 Bedrooms | $445K | $462.5K | +3.9% |
| 4 Bedrooms | $498K | $520K | +4.4% |
| 5+ Bedrooms | $682.5K | $589.9K | -13.6% |
Summary: 55442 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 13.6%.
Housing Supply in 55442, MN
How many homes are available in 55442, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 58 | -15.9% |
Summary: The 55442 real estate market had 58 homes for sale in November 2024, a 15.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 20 | 15 | -25.0% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The 55442 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 14 | -41.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55442, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 55442 in November 2024, down by 41.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 55442, MN
How long does it take to sell a home in 55442, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -8.6% |
Summary: Homes in 55442 had an average of 17 days on market in Nov 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55442 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 55442; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
