$3,621 Closing Credit*
$304,900
1,820 SqFt
2 Beds
•1 Full Bath
Amy Spampinato, Listing Office: RE/MAX Professionals - Duluth
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
Last month, 55808 was a Buyer'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
$216,500
$156/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$22,500(-9.4%)
Key Takeaway
Homes in 55808 have sold for 9.4% less than they did a month ago.
Summary: The median home sold price in 55808 was $216,500 in October 2024, down 9.4% from last month, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $342K | N/A |
| 2 Bedrooms | $239K | $210K | -12.1% |
| 3 Bedrooms | $291K | $187.5K | -35.6% |
| 4 Bedrooms | - | $260K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 55808 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 12.1%, 3 bedroom homes decreased by 35.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55733 | $189.5K | $324.9K | +71.5% |
| 55808 | $239K | $216.5K | -9.4% |
| 55810 | $485K | $371K | -23.5% |
Housing Supply in 55808, MN
How many homes are available in 55808, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Summary: The 55808 real estate market had 36 homes for sale in October 2024, a 7.7% decrease 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 | 16 | 13 | -18.8% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55808 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 decreased by 18.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 16 | +220.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 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 16 homes were sold or pending in 55808 in October 2024, up by 220.0% month-over-month. Of the 14 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -22.0% |
Summary: Homes in 55808 had an average of 15 days on market in Oct 2024, down by 22% compared to last month.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 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 October 2024, 16 homes were sold in 55808; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
