$7,124 Closing Credit*
$599,900
5,676 SqFt
4 Beds
•4 Full Baths, 1 Partial
Listing Office: Mirabella Realty
Is 55708, 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, 55708 has remained a Seller's Market.
Key Takeaway
55708 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55708, MN
How much do homes in 55708, MN cost?
Median Sold Price
$865,000
$258/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$756,550(+697.6%)
Key Takeaway
Homes in 55708 have sold for 697.6% more than they did a month ago.
Summary: The median home sold price in 55708 was $865,000 in November 2024, up 697.6% from last month, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.9K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $110K | $1.4M | +1245.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $250K | N/A |
Summary: 55708 housing prices by bedroom type for November 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 increased by 1245.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55708 | $108.4K | $865K | +697.6% |
| 55792 | $72.4K | $124.9K | +72.5% |
Housing Supply in 55708, MN
How many homes are available in 55708, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The 55708 real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55708 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55708, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55708 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 55708, MN
How long does it take to sell a home in 55708, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 276 Days | +903.6% |
Summary: Homes in 55708 had an average of 276 days on market in Nov 2024, up by 903.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 55708 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in 55708; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
