$4,036 Closing Credit*
$339,900
1,574 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55445, 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, 55445 has remained a Seller's Market.
Key Takeaway
55445 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55445, MN
How much do homes in 55445, MN cost?
Median Sold Price
$350,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.9%)
Key Takeaway
Homes in 55445 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 55445 was $350,000 in October 2024, up 2.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $184.4K | $196K | +6.3% |
| 3 Bedrooms | $335K | $344.9K | +3.0% |
| 4 Bedrooms | $399.9K | $390K | -2.5% |
| 5+ Bedrooms | $375K | $514.9K | +37.3% |
Summary: 55445 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 6.3%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 37.3%.
Housing Supply in 55445, MN
How many homes are available in 55445, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 39 | -7.1% |
Summary: The 55445 real estate market had 39 homes for sale in October 2024, a 7.1% decrease 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 | 6 | -33.3% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 55445 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 33.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55445, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55445 in October 2024, down by 29.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for 55445, MN
How long does it take to sell a home in 55445, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 15 Days | -47.0% |
Summary: Homes in 55445 had an average of 15 days on market in Oct 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55445 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 55445; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
