$4,150 Closing Credit*
$349,500
1,750 SqFt
3 Beds
•1 Full Bath
Listing Office: John McGovern
Is 55448, 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, 55448 has remained a Seller's Market.
Key Takeaway
55448 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55448, MN
How much do homes in 55448, MN cost?
Median Sold Price
$338,600
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,600(+3.5%)
Key Takeaway
Homes in 55448 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 55448 was $338,600 in October 2024, up 3.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.2K | $127K | +3.1% |
| 2 Bedrooms | $233K | $248K | +6.4% |
| 3 Bedrooms | $310K | $327.2K | +5.6% |
| 4 Bedrooms | $363.5K | $380K | +4.5% |
| 5+ Bedrooms | $420K | $392.4K | -6.6% |
Summary: 55448 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in 55448, MN
How many homes are available in 55448, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 118 | +4.4% |
Summary: The 55448 real estate market had 118 homes for sale in October 2024, a 4.4% 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 | 25 | 26 | +4.0% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 41 | 46 | +12.2% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The 55448 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 4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55448, expect to pay close to the asking price. 35.3% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in 55448 in October 2024, down by 2.9% month-over-month. Of the 34 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for 55448, MN
How long does it take to sell a home in 55448, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -15.8% |
Summary: Homes in 55448 had an average of 25 days on market in Oct 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55448 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 55448; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
