Is 55443, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55443 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $172K-
N/A
2 $262.5K$271.2K
+3.3%
3 $340.9K$317.9K
-6.8%
4 $396K$392.5K
-0.9%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

55429
+4.1%
55444
+3.8%
55445
+2.9%
55433
+1.0%
55443
-3.9%

Housing Supply in 55443, MN

How many homes are available in 55443, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108134+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

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1922
+15.8%
3 3644
+22.2%
4 3039
+30.0%
5+ 2127
+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 2024Oct 2024CHANGE
2133+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
33 Days30 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 55443, MN

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