$190,000
Land
Listing Office: Turpen Realty, Inc.
Is 55760, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55760 was a Neutral 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
$317,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+18.5%)
Key Takeaway
Homes in 55760 have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in 55760 was $317,000 in November 2024, up 18.5% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $53.5K | -71.1% |
| 2 Bedrooms | $305.5K | $266K | -12.9% |
| 3 Bedrooms | $290.5K | $420K | +44.6% |
| 4 Bedrooms | $209K | $293K | +40.2% |
| 5+ Bedrooms | $167.3K | $605K | +261.4% |
Summary: 55760 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.1%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 44.6%, 4 bedroom homes increased by 40.2%, and 5+ bedroom homes increased by 261.4%.
Median Sold Price Compared To Nearby Zip Codes
| 55760 | $267.5K | $317K | +18.5% |
| 56431 | $289.9K | $299.9K | +3.4% |
| 56469 | $320K | $222K | -30.6% |
Housing Supply in 55760, MN
How many homes are available in 55760, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The 55760 real estate market had 33 homes for sale in November 2024, a 5.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55760 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55760, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55760 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 103 Days | 20 Days | -80.4% |
Summary: Homes in 55760 had an average of 20 days on market in Nov 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
3 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 55760 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 55760; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
