$4,239 Closing Credit*
$357,000
800 SqFt
2 Beds
•1 Full Bath
Rae Johnson, Listing Office: Welcome Home Realty
Is 55767, 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, 55767 has remained a Seller's Market.
Key Takeaway
55767 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55767, MN
How much do homes in 55767, MN cost?
Median Sold Price
$232,500
$137/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$60,000(-20.5%)
Key Takeaway
Homes in 55767 have sold for 20.5% less than they did a month ago.
Summary: The median home sold price in 55767 was $232,500 in October 2024, down 20.5% from last month, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $74.5K | -74.7% |
| 2 Bedrooms | $215K | - | N/A |
| 3 Bedrooms | $369.9K | $232.5K | -37.2% |
| 4 Bedrooms | $248K | $436.5K | +76.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55767 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 74.7%, 2 bedroom homes did not change, 3 bedroom homes decreased by 37.2%, 4 bedroom homes increased by 76%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55756 | $315K | $570K | +81.0% |
| 55707 | $442.5K | $457.5K | +3.4% |
| 55767 | $292.5K | $232.5K | -20.5% |
Housing Supply in 55767, MN
How many homes are available in 55767, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The 55767 real estate market had 20 homes for sale in October 2024, a 9.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 55767 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55767, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55767 in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 55767, MN
How long does it take to sell a home in 55767, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 15 Days | -39.2% |
Summary: Homes in 55767 had an average of 15 days on market in Oct 2024, down by 39.2% compared to last month.
Breakdown of Home Sale Times
5 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 55767 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 55767; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
