$10,000 Closing Credit*
$850,000
3,432 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: eXp Realty
Is 55446, 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, 55446 has remained a Seller's Market.
Key Takeaway
55446 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55446, MN
How much do homes in 55446, MN cost?
Median Sold Price
$670,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,795(+2.7%)
Key Takeaway
Homes in 55446 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 55446 was $670,000 in November 2024, up 2.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161K | $175K | +8.7% |
| 2 Bedrooms | $295K | $285K | -3.4% |
| 3 Bedrooms | $429K | $450K | +4.9% |
| 4 Bedrooms | $673.2K | $694K | +3.1% |
| 5+ Bedrooms | $950K | $930K | -2.1% |
Summary: 55446 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 55446, MN
How many homes are available in 55446, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 144 | 135 | -6.3% |
Summary: The 55446 real estate market had 135 homes for sale in November 2024, a 6.3% 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 | 21 | 25 | +19.0% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 63 | 55 | -12.7% |
Summary: The 55446 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 19%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 12.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55446, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 55446 in November 2024, up by 24.1% month-over-month. Of the 36 sold homes, 58% were sold under asking, 14% were sold at asking, and 28% were sold over asking.
Days on Market for 55446, MN
How long does it take to sell a home in 55446, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +24.0% |
Summary: Homes in 55446 had an average of 41 days on market in Nov 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55446 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in 55446; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
