$58,000
10.62 Acres
Land
Kelly Emanuel, Listing Office: Adolphson Real Estate - Cloquet
Is 55707, 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, 55707 has remained a Seller's Market.
Key Takeaway
55707 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55707, MN
How much do homes in 55707, MN cost?
Median Sold Price
$457,500
$321/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$15,000(+3.4%)
Key Takeaway
Homes in 55707 have sold for 3.4% more than they did a month ago.
Summary: The median home sold price in 55707 was $457,500 in October 2024, up 3.4% from last month, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $212K | -31.6% |
| 3 Bedrooms | $635K | $1.1M | +73.2% |
| 4 Bedrooms | - | $457.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55707 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 decreased by 31.6%, 3 bedroom homes increased by 73.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55707 | $442.5K | $457.5K | +3.4% |
| 55767 | $292.5K | $232.5K | -20.5% |
| 55797 | $450.8K | $300K | -33.5% |
Housing Supply in 55707, MN
How many homes are available in 55707, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The 55707 real estate market had 30 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 55707 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 decreased by 28.6%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55707, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55707 in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 55707, MN
How long does it take to sell a home in 55707, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 48 Days | +27.3% |
Summary: Homes in 55707 had an average of 48 days on market in Oct 2024, up by 27.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55707 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 55707; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
