$3,266 Closing Credit*
$275,000
1,972 SqFt
4 Beds
•1 Full Bath
Tracey Tellor, Listing Office: Tellor Realty LLC
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
$337,000
$189/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$84,500(+33.5%)
Key Takeaway
Homes in 55812 have sold for 33.5% more than they did a month ago.
Summary: The median home sold price in 55812 was $337,000 in October 2024, up 33.5% from last month, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $337K | N/A |
| 3 Bedrooms | $247.2K | $331.2K | +34.0% |
| 4 Bedrooms | - | $340K | N/A |
| 5+ Bedrooms | $395K | $334.5K | -15.3% |
Summary: 55812 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 increased by 34%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 15.3%.
Housing Supply in 55812, MN
How many homes are available in 55812, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Summary: The 55812 real estate market had 30 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 55812 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 increased by 40%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55812, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55812 in October 2024, down by 14.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +4.3% |
Summary: Homes in 55812 had an average of 21 days on market in Oct 2024, up by 4.3% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 6 homes were sold in 55812; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
