$1,188 Closing Credit*
$100,000
1,944 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Kris Lindahl Real Estate
Is 55705, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55705 was a Seller's Market.
Key Takeaway
55705 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55705, MN
How much do homes in 55705, MN cost?
Median Sold Price
$144,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-3.4%)
Key Takeaway
Homes in 55705 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 55705 was $144,000 in November 2024, down 3.4% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $150K | +57.9% |
| 2 Bedrooms | $202.8K | $135K | -33.4% |
| 3 Bedrooms | $158.9K | $235.2K | +48.0% |
| 4 Bedrooms | $120K | $205K | +70.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55705 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.9%, 2 bedroom homes decreased by 33.4%, 3 bedroom homes increased by 48%, 4 bedroom homes increased by 70.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55750 | $120K | $144K | +20.0% |
| 55705 | $149K | $144K | -3.4% |
Housing Supply in 55705, MN
How many homes are available in 55705, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The 55705 real estate market had 12 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55705 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 decreased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55705, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 55705 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55705, MN
How long does it take to sell a home in 55705, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +20.7% |
Summary: Homes in 55705 had an average of 33 days on market in Nov 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55705 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 55705; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
