$265,000
1,798 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results - Longville
October 2024
Report Updated 16 Days Ago
Is 55806, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55806 has remained a Seller's Market.
How much do homes in 55806, MN cost?
$230,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in 55806 was $230,000 in October 2024, up 21.7% from last year, and the median price per square foot was $159.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $60K | N/A |
2 Bedrooms | $162.5K | $225K | +38.5% |
3 Bedrooms | $204.5K | $225K | +10.0% |
4 Bedrooms | $194.5K | $322.5K | +65.8% |
5+ Bedrooms | $200K | $310.2K | +55.1% |
Summary: 55806 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 increased by 38.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 65.8%, and 5+ bedroom homes increased by 55.1%.
55811 | $277K | $375K | +35.4% |
55806 | $189K | $230K | +21.7% |
55807 | $189.2K | $201K | +6.2% |
55805 | $220K | $207.7K | -5.6% |
How many homes are available in 55806, MN?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
28 | 33 | +17.9% |
Summary: The 55806 real estate market had 33 homes for sale in October 2024, a 17.9% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55806 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 75%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 55806 in October 2024, up by 100.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% were sold over asking.
How long does it take to sell a home in 55806, MN?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
16 Days | 20 Days | +25.9% |
Summary: Homes in 55806 had an average of 20 days on market in Oct 2024, up by 25.9% compared to last year.
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During October 2024, 14 homes were sold in 55806; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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 16 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: 11/17/2024, 5:20:51 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: 11/17/2024, 5:22:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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