$10,000 Closing Credit*
$975,000
3,928 SqFt
5 Beds
•1 Full Bath, 1 Partial
Listing Office: Edina Realty, Inc. - Duluth
Is 55812, 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, 55812 has remained a Seller's Market.
Key Takeaway
55812 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55812, MN
How much do homes in 55812, MN cost?
Median Sold Price
$453,750
$236/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$119,250(+35.7%)
Key Takeaway
Homes in 55812 have sold for 35.7% more than they did a month ago.
Summary: The median home sold price in 55812 was $453,750 in November 2024, up 35.7% from last month, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $337K | $700K | +107.7% |
| 3 Bedrooms | $331.2K | $457.5K | +38.1% |
| 4 Bedrooms | $308K | $380K | +23.4% |
| 5+ Bedrooms | $334.5K | $505K | +51.0% |
Summary: 55812 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 107.7%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 51%.
Housing Supply in 55812, MN
How many homes are available in 55812, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The 55812 real estate market had 27 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 55812 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55812, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 55812 in November 2024, up by 71.4% month-over-month. Of the 10 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 55812, MN
How long does it take to sell a home in 55812, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -17.4% |
Summary: Homes in 55812 had an average of 22 days on market in Nov 2024, down by 17.4% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55812 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 55812; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
