$2,197 Closing Credit*
$185,000
952 SqFt
2 Beds
•1 Full Bath
Listing Office: COLDWELL BANKER NORTHWOODS
Is 55744, 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, 55744 has remained a Seller's Market.
Key Takeaway
55744 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55744, MN
How much do homes in 55744, MN cost?
Median Sold Price
$275,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+11.1%)
Key Takeaway
Homes in 55744 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 55744 was $275,000 in October 2024, up 11.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $124.5K | +42.3% |
| 2 Bedrooms | $232K | $216K | -6.9% |
| 3 Bedrooms | $229.8K | $247.4K | +7.7% |
| 4 Bedrooms | $316.9K | $320K | +1.0% |
| 5+ Bedrooms | $665K | $431.9K | -35.0% |
Summary: 55744 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 35%.
Median Sold Price Compared To Nearby Zip Codes
| 55722 | $159.3K | $249.5K | +56.6% |
| 55721 | $290.5K | $375K | +29.1% |
| 55793 | $213K | $270K | +26.8% |
| 55709 | $210K | $250K | +19.0% |
| 55744 | $247.5K | $275K | +11.1% |
Housing Supply in 55744, MN
How many homes are available in 55744, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 82 | -7.9% |
Summary: The 55744 real estate market had 82 homes for sale in October 2024, a 7.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 23 | 19 | -17.4% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 55744 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55744, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 55744 in October 2024, down by 23.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.
Days on Market for 55744, MN
How long does it take to sell a home in 55744, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 52 Days | +60.7% |
Summary: Homes in 55744 had an average of 52 days on market in Oct 2024, up by 60.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55744 has remained consistent over time.
Summary: During October 2024, 20 homes were sold in 55744; 25% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
