Is 55810, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55810 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 55810 was a Neutral Market.

Key Takeaway

55810 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55810, MN

How much do homes in 55810, MN cost?

Median Sold Price

$371,000

$162/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$114,000(-23.5%)

Key Takeaway

Homes in 55810 have sold for 23.5% less than they did a month ago.

Summary: The median home sold price in 55810 was $371,000 in October 2024, down 23.5% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$201K
N/A
3 $485K$371K
-23.5%
4 -$449.9K
N/A
5+ --
N/A

Summary: 55810 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 decreased by 23.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

55733
+71.5%
55808
-9.4%
55810
-23.5%

Housing Supply in 55810, MN

How many homes are available in 55810, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3342+27.3%

Summary: The 55810 real estate market had 42 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 39
+200.0%
3 2425
+4.2%
4 67
+16.7%
5+ 00
0.0%

Summary: The 55810 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
516+220.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55810, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 55810 in October 2024, up by 220.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.

Days on Market for 55810, MN

How long does it take to sell a home in 55810, MN?

Average Sale Time

Sep 2024Oct 2024CHANGE
22 Days9 Days-57.2%

Summary: Homes in 55810 had an average of 9 days on market in Oct 2024, down by 57.2% compared to last month.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 55810 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 55810; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in 55810, MN

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