$5,343 Closing Credit*
$449,900
1,769 SqFt
3 Beds
•2 Full Baths
Listing Office: United Country Real Estate Minnesota Properties
Is 55735, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 55735 was a Neutral Market.
Key Takeaway
55735 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55735, MN
How much do homes in 55735, MN cost?
Median Sold Price
$325,000
$267/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$140,000(-30.1%)
Key Takeaway
Homes in 55735 have sold for 30.1% less than they did a month ago.
Summary: The median home sold price in 55735 was $325,000 in November 2024, down 30.1% from last month, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | - | $325K | N/A |
| 3 Bedrooms | $675K | $490K | -27.4% |
| 4 Bedrooms | $255K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55735 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 decreased by 27.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 55735, MN
How many homes are available in 55735, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The 55735 real estate market had 14 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 55735 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55735, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 55735 in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 55735, MN
How long does it take to sell a home in 55735, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 Days | 64 Days | -43.8% |
Summary: Homes in 55735 had an average of 64 days on market in Nov 2024, down by 43.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55735 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 55735; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
