$6,430 Closing Credit*
$541,510
2,242 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: D.R. Horton, Inc.
Is 55449, 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, 55449 has remained a Seller's Market.
Key Takeaway
55449 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55449, MN
How much do homes in 55449, MN cost?
Median Sold Price
$449,999
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,142(+9.3%)
Key Takeaway
Homes in 55449 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 55449 was $449,999 in November 2024, up 9.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $300K | $293.5K | -2.2% |
| 3 Bedrooms | $365K | $378.2K | +3.6% |
| 4 Bedrooms | $490K | $490K | 0.0% |
| 5+ Bedrooms | $610K | $625.2K | +2.5% |
Summary: 55449 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 decreased by 2.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 55449, MN
How many homes are available in 55449, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 204 | 192 | -5.9% |
Summary: The 55449 real estate market had 192 homes for sale in November 2024, a 5.9% 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 | 24 | 25 | +4.2% |
| 3 Bedrooms | 59 | 59 | 0.0% |
| 4 Bedrooms | 60 | 57 | -5.0% |
| 5+ Bedrooms | 61 | 51 | -16.4% |
Summary: The 55449 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 4.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 16.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 40 | -18.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55449, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 55449 in November 2024, down by 18.4% month-over-month. Of the 40 sold homes, 48% were sold under asking, 25% were sold at asking, and 28% were sold over asking.
Days on Market for 55449, MN
How long does it take to sell a home in 55449, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 40 Days | +39.6% |
Summary: Homes in 55449 had an average of 40 days on market in Nov 2024, up by 39.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55449 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in 55449; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
