$97,000
1,508 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Edina Realty, Inc. - Duluth
October 2024
Report Updated 20 Days Ago
Is 55805, 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, 55805 was a Seller's Market.
How much do homes in 55805, MN cost?
$207,737
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in 55805 was $207,737 in October 2024, down 5.6% from last year, and the median price per square foot was $180.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165.5K | N/A |
2 Bedrooms | $235K | $200.2K | -14.8% |
3 Bedrooms | $209.9K | $220K | +4.8% |
4 Bedrooms | - | $219.5K | N/A |
5+ Bedrooms | $320K | $190.5K | -40.5% |
Summary: 55805 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 40.5%.
How many homes are available in 55805, MN?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Summary: The 55805 real estate market had 35 homes for sale in October 2024, a 9.4% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 55805 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 55805 in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
How long does it take to sell a home in 55805, MN?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
54 Days | 13 Days | -74.4% |
Summary: Homes in 55805 had an average of 13 days on market in Oct 2024, down by 74.4% compared to last year.
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During October 2024, 5 homes were sold in 55805; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 20 Days Ago
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Based on information from Lake Superior Area MLS, and NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 11/01/2022 - 11/01/2024
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 11/21/2024, 2:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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