$3,563 Closing Credit*
$300,000
1,656 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: JPW Realty
Is 55443, 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, 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
$350,017
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,982(-2.8%)
Key Takeaway
Homes in 55443 have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in 55443 was $350,017 in November 2024, down 2.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | - | N/A |
| 2 Bedrooms | $266.5K | $275K | +3.2% |
| 3 Bedrooms | $335.5K | $320K | -4.6% |
| 4 Bedrooms | $397K | $395K | -0.5% |
| 5+ Bedrooms | $463K | $515K | +11.2% |
Summary: 55443 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in 55443, MN
How many homes are available in 55443, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 128 | 114 | -10.9% |
Summary: The 55443 real estate market had 114 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 42 | 36 | -14.3% |
| 4 Bedrooms | 37 | 34 | -8.1% |
| 5+ Bedrooms | 26 | 21 | -19.2% |
Summary: The 55443 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 19.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55443, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 55443 in November 2024, up by 3.0% month-over-month. Of the 34 sold homes, 38% were sold under asking, 32% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 26 Days | -13.3% |
Summary: Homes in 55443 had an average of 26 days on market in Nov 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55443 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in 55443; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
