$35,000
Land
Listing Office: United Country Real Estate Minnesota Properties
Is 55797, 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, 55797 was a Seller's Market.
Key Takeaway
55797 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55797, MN
How much do homes in 55797, MN cost?
Median Sold Price
$300,000
$206/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$150,850(-33.5%)
Key Takeaway
Homes in 55797 have sold for 33.5% less than they did a month ago.
Summary: The median home sold price in 55797 was $300,000 in October 2024, down 33.5% from last month, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $391.7K | - | N/A |
| 4 Bedrooms | $510K | $300K | -41.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55797 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 did not change, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55707 | $442.5K | $457.5K | +3.4% |
| 54836 | $235K | $202K | -14.0% |
| 55797 | $450.8K | $300K | -33.5% |
Housing Supply in 55797, MN
How many homes are available in 55797, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The 55797 real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55797 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55797, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 55797 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55797, MN
How long does it take to sell a home in 55797, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 84 Days | +1020.0% |
Summary: Homes in 55797 had an average of 84 days on market in Oct 2024, up by 1020% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55797 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 55797; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
