$2,957 Closing Credit*
$249,000
1,200 SqFt
2 Beds
•1 Full Bath
Listing Office: Northstar Real Estate Associates
Is 55446, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55446 was a Seller's Market.
Key Takeaway
55446 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 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 October 2023
+$24,166(+3.7%)
Key Takeaway
Homes in 55446 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 55446 was $670,000 in October 2024, up 3.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $175K | +12.9% |
| 2 Bedrooms | $296K | $285K | -3.7% |
| 3 Bedrooms | $433K | $442K | +2.1% |
| 4 Bedrooms | $664.5K | $693.5K | +4.4% |
| 5+ Bedrooms | $930.3K | $950K | +2.1% |
Summary: 55446 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 55446, MN
How many homes are available in 55446, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 157 | +7.5% |
Summary: The 55446 real estate market had 157 homes for sale in October 2024, a 7.5% 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 | 20 | 23 | +15.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 60 | 68 | +13.3% |
Summary: The 55446 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 increased by 15%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55446, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 55446 in October 2024, down by 24.2% month-over-month. Of the 25 sold homes, 40% were sold under asking, 24% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 48 Days | +4.0% |
Summary: Homes in 55446 had an average of 48 days on market in Oct 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 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 October 2024, 25 homes were sold in 55446; 48% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
