$6,092 Closing Credit*
$513,000
1,702 SqFt
3 Beds
•1 Full Bath
Benjamin Funke, Listing Office: RE/MAX Results
Is 55810, 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, 55810 has remained a Seller's 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
$302,450
$215/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$95,550(-24.0%)
Key Takeaway
Homes in 55810 have sold for 24% less than they did a month ago.
Summary: The median home sold price in 55810 was $302,450 in November 2024, down 24% from last month, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201K | $267.4K | +33.1% |
| 3 Bedrooms | $398K | $319.9K | -19.6% |
| 4 Bedrooms | $449.9K | $875K | +94.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55810 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 increased by 33.1%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes increased by 94.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55808 | $216.5K | $240K | +10.9% |
| 55733 | $334.9K | $267.4K | -20.2% |
| 55810 | $398K | $302.4K | -24.0% |
Housing Supply in 55810, MN
How many homes are available in 55810, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 32 | -25.6% |
Summary: The 55810 real estate market had 32 homes for sale in November 2024, a 25.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 26 | 20 | -23.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55810 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55810, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 55810 in November 2024, down by 50.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 25 Days | +159.0% |
Summary: Homes in 55810 had an average of 25 days on market in Nov 2024, up by 159% compared to last month.
Breakdown of Home Sale Times
5 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 55810 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 55810; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
