$7,719 Closing Credit*
$650,000
2,463 SqFt
4 Beds
•1 Full Bath, 1 Partial
Reisa Varin, Listing Office: RE/MAX Results
Is 55702, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55702 has remained a Seller's Market.
Key Takeaway
55702 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55702, MN
How much do homes in 55702, MN cost?
Median Sold Price
$300,000
$320/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$18,000(+6.4%)
Key Takeaway
Homes in 55702 have sold for 6.4% more than they did a month ago.
Summary: The median home sold price in 55702 was $300,000 in October 2024, up 6.4% from last month, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $300K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55702 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55702 | $282K | $300K | +6.4% |
| 55736 | $370K | $240K | -35.1% |
Housing Supply in 55702, MN
How many homes are available in 55702, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The 55702 real estate market had 4 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55702 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55702, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 55702 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 55702, MN
How long does it take to sell a home in 55702, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 2 Days | -85.7% |
Summary: Homes in 55702 had an average of 2 days on market in Oct 2024, down by 85.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55702 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 55702; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.