$4,986 Closing Credit*
$419,900
1,064 SqFt
3 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER NORTHWOODS
Is 55748, 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, 55748 has remained a Buyer's Market.
Key Takeaway
55748 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55748, MN
How much do homes in 55748, MN cost?
Median Sold Price
$99,000
$131/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$27,500(-21.7%)
Key Takeaway
Homes in 55748 have sold for 21.7% less than they did a month ago.
Summary: The median home sold price in 55748 was $99,000 in December 2024, down 21.7% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $99K | N/A |
| 3 Bedrooms | $126.5K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55748 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55721 | $225K | $315K | +40.0% |
| 55748 | $126.5K | $99K | -21.7% |
Housing Supply in 55748, MN
How many homes are available in 55748, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 55748 real estate market had 12 homes for sale in December 2024, a 9.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55748 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55748, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 55748 in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55748, MN
How long does it take to sell a home in 55748, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 125 Days | 27 Days | -78.4% |
Summary: Homes in 55748 had an average of 27 days on market in Dec 2024, down by 78.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55748 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in 55748; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
