$711 Closing Credit*
$59,900
1,155 SqFt
3 Beds
•1 Bath
Greg Hoffman, Listing Office: Edina Realty, Inc. - Virginia
Is 55792, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 55792 was a Seller's Market.
Key Takeaway
55792 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55792, MN
How much do homes in 55792, MN cost?
Median Sold Price
$72,400
$47/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$77,877(-51.8%)
Key Takeaway
Homes in 55792 have sold for 51.8% less than they did a month ago.
Summary: The median home sold price in 55792 was $72,400 in October 2024, down 51.8% from last month, and the median price per square foot was $47.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150.2K | $60K | -60.1% |
| 3 Bedrooms | $119.5K | $311K | +160.3% |
| 4 Bedrooms | $90K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55792 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 decreased by 60.1%, 3 bedroom homes increased by 160.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 55792, MN
How many homes are available in 55792, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The 55792 real estate market had 29 homes for sale in October 2024, a 16.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55792 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 10%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55792, 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 55792 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 55792, MN
How long does it take to sell a home in 55792, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 47 Days | +101.3% |
Summary: Homes in 55792 had an average of 47 days on market in Oct 2024, up by 101.3% compared to last month.
Breakdown of Home Sale Times
2 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 55792 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 55792; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
