$1,781 Closing Credit*
$150,000
864 SqFt
2 Beds
•1 Full Bath
Listing Office: Adolphson Real Estate, Inc
Is 55718, 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, 55718 has remained a Seller's Market.
Key Takeaway
55718 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55718, MN
How much do homes in 55718, MN cost?
Median Sold Price
$379,000
$196/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$54,000(+16.6%)
Key Takeaway
Homes in 55718 have sold for 16.6% more than they did a month ago.
Summary: The median home sold price in 55718 was $379,000 in December 2024, up 16.6% from last month, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169K | $700K | +314.2% |
| 3 Bedrooms | $325K | $209.9K | -35.4% |
| 4 Bedrooms | - | $438K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55718 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 314.2%, 3 bedroom homes decreased by 35.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55733 | $267.4K | $377.5K | +41.1% |
| 55718 | $325K | $379K | +16.6% |
| 55797 | $259K | $270K | +4.2% |
| 55707 | $379.9K | $360K | -5.2% |
| 55720 | $269.9K | $215K | -20.4% |
Housing Supply in 55718, MN
How many homes are available in 55718, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Summary: The 55718 real estate market had 11 homes for sale in December 2024, a 26.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55718 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55718, 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 55718 in December 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 55718, MN
How long does it take to sell a home in 55718, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 54 Days | 73 Days | +34.1% |
Summary: Homes in 55718 had an average of 73 days on market in Dec 2024, up by 34.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55718 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in 55718; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
