$52,000
Land
Listing Office: CJ Bruns, Inc.
Is 55760, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55760 was a Seller's Market.
Key Takeaway
55760 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55760, MN
How much do homes in 55760, MN cost?
Median Sold Price
$293,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+6.5%)
Key Takeaway
Homes in 55760 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 55760 was $293,000 in October 2024, up 6.5% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171.9K | $60K | -65.1% |
| 2 Bedrooms | $284.5K | $262.5K | -7.7% |
| 3 Bedrooms | $300.4K | $407K | +35.5% |
| 4 Bedrooms | $209K | $293K | +40.2% |
| 5+ Bedrooms | $167.3K | $605K | +261.4% |
Summary: 55760 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 40.2%, and 5+ bedroom homes increased by 261.4%.
Median Sold Price Compared To Nearby Zip Codes
| 55760 | $275K | $293K | +6.5% |
| 56431 | $299K | $287.5K | -3.8% |
| 56469 | $320K | $219K | -31.6% |
Housing Supply in 55760, MN
How many homes are available in 55760, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Summary: The 55760 real estate market had 42 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 55760 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 increased by 5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55760, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 55760 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 55760, MN
How long does it take to sell a home in 55760, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 33 Days | -20.3% |
Summary: Homes in 55760 had an average of 33 days on market in Oct 2024, down by 20.3% compared to last year.
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
Key Takeaway
Many homes in 55760 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 55760; 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.
