Is 55752, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55752 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 55752 was a Neutral Market.

Key Takeaway

55752 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55752, MN

How much do homes in 55752, MN cost?

Median Sold Price

$195,000

$185/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$190,000(-49.4%)

Key Takeaway

Homes in 55752 have sold for 49.4% less than they did a month ago.

Summary: The median home sold price in 55752 was $195,000 in October 2024, down 49.4% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$195K
N/A
3 $385K$440K
+14.3%
4 -$875K
N/A
5+ --
N/A

Summary: 55752 housing prices by bedroom type for October 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 increased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 55752, MN

How many homes are available in 55752, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
770.0%

Summary: The 55752 real estate market had 7 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 32
-33.3%
4 12
+100.0%
5+ 00
0.0%

Summary: The 55752 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55752, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 55752 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 55752, MN

How long does it take to sell a home in 55752, MN?

Average Sale Time

Sep 2024Oct 2024CHANGE
75 Days49 Days-34.7%

Summary: Homes in 55752 had an average of 49 days on market in Oct 2024, down by 34.7% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55752 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 55752; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 55752, MN

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