$1,186 Closing Credit*
$99,900
750 SqFt
2 Beds
•1 Bath
Listing Office: RE/MAX Results
Is 55912, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55912 has remained a Seller's Market.
Key Takeaway
55912 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55912, MN
How much do homes in 55912, MN cost?
Median Sold Price
$184,666
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,766(+8.7%)
Key Takeaway
Homes in 55912 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 55912 was $184,666 in November 2024, up 8.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74K | $56.7K | -23.4% |
| 2 Bedrooms | $135K | $150K | +11.1% |
| 3 Bedrooms | $169.9K | $182K | +7.1% |
| 4 Bedrooms | $280K | $315K | +12.5% |
| 5+ Bedrooms | $279.5K | $342.2K | +22.5% |
Summary: 55912 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in 55912, MN
How many homes are available in 55912, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 126 | -3.8% |
Summary: The 55912 real estate market had 126 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 36 | 32 | -11.1% |
| 3 Bedrooms | 59 | 54 | -8.5% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 55912 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55912, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 55912 in November 2024, up by 13.8% month-over-month. Of the 33 sold homes, 48% were sold under asking, 21% were sold at asking, and 30% were sold over asking.
Days on Market for 55912, MN
How long does it take to sell a home in 55912, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 63 Days | +41.0% |
Summary: Homes in 55912 had an average of 63 days on market in Nov 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55912 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in 55912; 42% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
