$90,000
4.00 Acres
Land
Eric Sams, Listing Office: Messina & Associates Real Estate
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
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $201K | N/A |
| 3 Bedrooms | $485K | $371K | -23.5% |
| 4 Bedrooms | - | $449.9K | N/A |
| 5+ Bedrooms | - | - | 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 | $189.5K | $324.9K | +71.5% |
| 55808 | $239K | $216.5K | -9.4% |
| 55810 | $485K | $371K | -23.5% |
Housing Supply in 55810, MN
How many homes are available in 55810, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 42 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 9 | +200.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 16 | +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
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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 9 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
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.
