$706,997
Land
Listing Office: CENTURY 21 LAND OF LAKES
Is 55709, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55709 was a Seller's Market.
Key Takeaway
55709 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55709, MN
How much do homes in 55709, MN cost?
Median Sold Price
$250,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+19.0%)
Key Takeaway
Homes in 55709 have sold for 19% more than they did a year ago.
Summary: The median home sold price in 55709 was $250,000 in October 2024, up 19% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $159.9K | N/A |
| 2 Bedrooms | $129K | $209K | +62.0% |
| 3 Bedrooms | $222.7K | $342K | +53.5% |
| 4 Bedrooms | $200K | $272K | +36.0% |
| 5+ Bedrooms | $289K | $366.8K | +26.9% |
Summary: 55709 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62%, 3 bedroom homes increased by 53.5%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 26.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55722 | $159.3K | $249.5K | +56.6% |
| 55709 | $210K | $250K | +19.0% |
Housing Supply in 55709, MN
How many homes are available in 55709, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The 55709 real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55709 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55709, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55709 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55709, MN
How long does it take to sell a home in 55709, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 81 Days | +96.9% |
Summary: Homes in 55709 had an average of 81 days on market in Oct 2024, up by 96.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55709 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 55709; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
