$1,395 Closing Credit*
$117,500
1,344 SqFt
2 Beds
•1 Full Bath
Listing Office: Northwoods Land Office, Inc
Is 55750, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55750 has remained a Seller's Market.
Key Takeaway
55750 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55750, MN
How much do homes in 55750, MN cost?
Median Sold Price
$144,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+20.0%)
Key Takeaway
Homes in 55750 have sold for 20% more than they did a year ago.
Summary: The median home sold price in 55750 was $144,000 in November 2024, up 20% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $101K | $128.5K | +27.2% |
| 3 Bedrooms | $125K | $134.4K | +7.6% |
| 4 Bedrooms | $260K | $239K | -8.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55750 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55750 | $120K | $144K | +20.0% |
| 55705 | $149K | $144K | -3.4% |
Housing Supply in 55750, MN
How many homes are available in 55750, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The 55750 real estate market had 11 homes for sale in November 2024, a 22.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55750 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 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 55750, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 55750 in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 55750, MN
How long does it take to sell a home in 55750, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 24 Days | -54.7% |
Summary: Homes in 55750 had an average of 24 days on market in Nov 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55750 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 55750; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
