$4,155 Closing Credit*
$349,900
1,886 SqFt
3 Beds
•2 Baths
Listing Office: RE/MAX Results
Is 55444, 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, 55444 has remained a Seller's Market.
Key Takeaway
55444 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55444, MN
How much do homes in 55444, MN cost?
Median Sold Price
$340,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+3.8%)
Key Takeaway
Homes in 55444 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 55444 was $340,000 in October 2024, up 3.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $238K | +16.1% |
| 3 Bedrooms | $325K | $333K | +2.5% |
| 4 Bedrooms | $345K | $358.8K | +4.0% |
| 5+ Bedrooms | $365K | $387.4K | +6.2% |
Summary: 55444 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 16.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 55444, MN
How many homes are available in 55444, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Summary: The 55444 real estate market had 62 homes for sale in October 2024, a 12.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 21 | 26 | +23.8% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 55444 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 decreased by 11.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55444, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 55444 in October 2024, the same as the previous month. Of the 16 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for 55444, MN
How long does it take to sell a home in 55444, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +4.9% |
Summary: Homes in 55444 had an average of 25 days on market in Oct 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55444 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 55444; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
