$1,425 Closing Credit*
$120,000
1,216 SqFt
2 Beds
•2 Full Baths
Eric Sams, Listing Office: Messina & Associates Real Estate
Is 55808, 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, 55808 has remained a Seller's Market.
Key Takeaway
55808 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55808, MN
How much do homes in 55808, MN cost?
Median Sold Price
$240,000
$179/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$23,500(+10.9%)
Key Takeaway
Homes in 55808 have sold for 10.9% more than they did a month ago.
Summary: The median home sold price in 55808 was $240,000 in November 2024, up 10.9% from last month, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342K | - | N/A |
| 2 Bedrooms | $210K | - | N/A |
| 3 Bedrooms | $187.5K | $289.9K | +54.6% |
| 4 Bedrooms | $260K | $206K | -20.8% |
| 5+ Bedrooms | - | $285K | N/A |
Summary: 55808 housing prices by bedroom type for November 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 increased by 54.6%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55808 | $216.5K | $240K | +10.9% |
| 55718 | $362K | $325K | -10.2% |
| 55733 | $334.9K | $267.4K | -20.2% |
| 55810 | $398K | $302.4K | -24.0% |
Housing Supply in 55808, MN
How many homes are available in 55808, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Summary: The 55808 real estate market had 29 homes for sale in November 2024, a 23.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 9 | -35.7% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55808 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
4 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 55808, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 55808 in November 2024, down by 42.9% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 55808, MN
How long does it take to sell a home in 55808, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 16 Days | +21.8% |
Summary: Homes in 55808 had an average of 16 days on market in Nov 2024, up by 21.8% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55808 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 55808; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
