$1,186 Closing Credit*
$99,900
1,710 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Aleres, LLC
Is 55917, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55917 was a Buyer's Market.
Key Takeaway
55917 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55917, MN
How much do homes in 55917, MN cost?
Median Sold Price
$210,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+9.9%)
Key Takeaway
Homes in 55917 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 55917 was $210,000 in October 2024, up 9.9% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $118K | $183.5K | +55.5% |
| 3 Bedrooms | $160K | $177.5K | +10.9% |
| 4 Bedrooms | $238K | $258K | +8.4% |
| 5+ Bedrooms | $232K | $374.9K | +61.6% |
Summary: 55917 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 61.6%.
Median Sold Price Compared To Nearby Zip Codes
| 56026 | $225K | $280K | +24.4% |
| 55917 | $191K | $210K | +9.9% |
| 55924 | $274.9K | $235K | -14.5% |
Housing Supply in 55917, MN
How many homes are available in 55917, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The 55917 real estate market had 10 homes for sale in October 2024, a 42.9% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55917 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 decreased by 50%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55917, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55917 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 55917, MN
How long does it take to sell a home in 55917, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 32 Days | -34.7% |
Summary: Homes in 55917 had an average of 32 days on market in Oct 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55917 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 55917; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
