$1,959 Closing Credit*
$165,000
1,034 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is 55709, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55709 has remained a Seller's Market.
Key Takeaway
55709 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55709, MN
How much do homes in 55709, MN cost?
Median Sold Price
$260,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+23.8%)
Key Takeaway
Homes in 55709 have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in 55709 was $260,000 in November 2024, up 23.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $159.9K | N/A |
| 2 Bedrooms | $179.9K | $203K | +12.8% |
| 3 Bedrooms | $216.3K | $327.2K | +51.2% |
| 4 Bedrooms | $200K | $445.5K | +122.8% |
| 5+ Bedrooms | $289K | $366.8K | +26.9% |
Summary: 55709 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 51.2%, 4 bedroom homes increased by 122.8%, and 5+ bedroom homes increased by 26.9%.
Housing Supply in 55709, MN
How many homes are available in 55709, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The 55709 real estate market had 15 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55709 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 increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55709, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55709 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 57 Days | +15.5% |
Summary: Homes in 55709 had an average of 57 days on market in Nov 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55709 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 55709; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
