$4,156 Closing Credit*
$350,000
2,169 SqFt
4 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is 55443, 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, 55443 has remained a Seller's Market.
Key Takeaway
55443 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55443, MN
How much do homes in 55443, MN cost?
Median Sold Price
$349,983
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,316(-3.9%)
Key Takeaway
Homes in 55443 have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in 55443 was $349,983 in October 2024, down 3.9% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | - | N/A |
| 2 Bedrooms | $262.5K | $271.2K | +3.3% |
| 3 Bedrooms | $340.9K | $317.9K | -6.8% |
| 4 Bedrooms | $396K | $392.5K | -0.9% |
| 5+ Bedrooms | $460.5K | $515K | +11.8% |
Summary: 55443 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in 55443, MN
How many homes are available in 55443, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 134 | +24.1% |
Summary: The 55443 real estate market had 134 homes for sale in October 2024, a 24.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 36 | 44 | +22.2% |
| 4 Bedrooms | 30 | 39 | +30.0% |
| 5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The 55443 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 15.8%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 33 | +57.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55443, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 55443 in October 2024, up by 57.1% month-over-month. Of the 33 sold homes, 42% were sold under asking, 30% were sold at asking, and 27% were sold over asking.
Days on Market for 55443, MN
How long does it take to sell a home in 55443, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 30 Days | -9.1% |
Summary: Homes in 55443 had an average of 30 days on market in Oct 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55443 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 55443; 58% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
