$4,452 Closing Credit*
$374,900
1,550 SqFt
3 Beds
•1 Full Bath
Deanna Bennett, Listing Office: Messina & Associates Real Estate
Is 55726, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55726 has remained a Seller's Market.
Key Takeaway
55726 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55726, MN
How much do homes in 55726, MN cost?
Median Sold Price
$245,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,500(-4.5%)
Key Takeaway
Homes in 55726 have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in 55726 was $245,000 in October 2024, down 4.5% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.5K | - | N/A |
| 2 Bedrooms | $256.5K | $220K | -14.2% |
| 3 Bedrooms | $265K | $358.1K | +35.2% |
| 4 Bedrooms | $637.5K | $507K | -20.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55726 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 decreased by 14.2%, 3 bedroom homes increased by 35.2%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes did not change.
Housing Supply in 55726, MN
How many homes are available in 55726, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The 55726 real estate market had 3 homes for sale in October 2024, a 50.0% 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 | 3 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55726 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 100%, 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 |
|---|---|---|
| 3 | 2 | -33.3% |
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 55726, 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 55726 in October 2024, down by 33.3% 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 55726, MN
How long does it take to sell a home in 55726, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 74 Days | +102.7% |
Summary: Homes in 55726 had an average of 74 days on market in Oct 2024, up by 102.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55726 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 55726; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
