$9,678 Closing Credit*
$815,000
4,634 SqFt
6 Beds
•3 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is 55447, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55447 has remained a Seller's Market.
Key Takeaway
55447 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55447, MN
How much do homes in 55447, MN cost?
Median Sold Price
$482,750
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$42,750(+9.7%)
Key Takeaway
Homes in 55447 have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in 55447 was $482,750 in December 2024, up 9.7% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $194.5K | +25.5% |
| 2 Bedrooms | $280K | $268.7K | -4.0% |
| 3 Bedrooms | $425K | $430K | +1.2% |
| 4 Bedrooms | $515K | $580K | +12.6% |
| 5+ Bedrooms | $648K | $770K | +18.8% |
Summary: 55447 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 55447, MN
How many homes are available in 55447, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 61 | 53 | -13.1% |
Summary: The 55447 real estate market had 53 homes for sale in December 2024, a 13.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 55447 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55447, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55447 in December 2024, down by 36.8% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
Days on Market for 55447, MN
How long does it take to sell a home in 55447, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 49 Days | +80.7% |
Summary: Homes in 55447 had an average of 49 days on market in Dec 2024, up by 80.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55447 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in 55447; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
