$2,375 Closing Credit*
$200,000
1,073 SqFt
2 Beds
•1 Full Bath
Listing Office: Compass
Is 55444, 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, 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
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+3.0%)
Key Takeaway
Homes in 55444 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 55444 was $340,000 in November 2024, up 3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $198K | $237.5K | +19.9% |
| 3 Bedrooms | $325K | $330K | +1.5% |
| 4 Bedrooms | $346.2K | $355K | +2.5% |
| 5+ Bedrooms | $381K | $385K | +1.0% |
Summary: 55444 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 19.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 1%.
Housing Supply in 55444, MN
How many homes are available in 55444, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 46 | -17.9% |
Summary: The 55444 real estate market had 46 homes for sale in November 2024, a 17.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 22 | 14 | -36.4% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 55444 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 decreased by 11.1%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55444, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 55444 in November 2024, down by 16.7% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +33.7% |
Summary: Homes in 55444 had an average of 27 days on market in Nov 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55444 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 55444; 53% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
