$1,899 Closing Credit*
$159,900
844 SqFt
2 Beds
•1 Full Bath
Listing Office: The Realty House
Is 55445, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55445 was a Seller's Market.
Key Takeaway
55445 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55445, MN
How much do homes in 55445, MN cost?
Median Sold Price
$357,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,000(+6.6%)
Key Takeaway
Homes in 55445 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 55445 was $357,000 in November 2024, up 6.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $184.4K | $197.5K | +7.1% |
| 3 Bedrooms | $335K | $344.9K | +3.0% |
| 4 Bedrooms | $399.9K | $390K | -2.5% |
| 5+ Bedrooms | $371.3K | $577.4K | +55.5% |
Summary: 55445 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 7.1%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 55.5%.
Housing Supply in 55445, MN
How many homes are available in 55445, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The 55445 real estate market had 39 homes for sale in November 2024, a 2.6% increase 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 | 4 | 8 | +100.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 55445 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 increased by 100%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55445, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55445 in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 30 Days | -25.5% |
Summary: Homes in 55445 had an average of 30 days on market in Nov 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55445 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 55445; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
