$3,561 Closing Credit*
$299,900
2,016 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is 55920, 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, 55920 was a Seller's Market.
Key Takeaway
55920 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55920, MN
How much do homes in 55920, MN cost?
Median Sold Price
$375,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,975(+6.2%)
Key Takeaway
Homes in 55920 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 55920 was $375,000 in October 2024, up 6.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.6K | $268.6K | -10.3% |
| 3 Bedrooms | $325.3K | $325K | -0.1% |
| 4 Bedrooms | $362.4K | $446.2K | +23.1% |
| 5+ Bedrooms | $575K | $572.5K | -0.4% |
Summary: 55920 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 decreased by 10.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in 55920, MN
How many homes are available in 55920, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 65 | +22.6% |
Summary: The 55920 real estate market had 65 homes for sale in October 2024, a 22.6% 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 | 13 | 15 | +15.4% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 55920 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 15.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
7 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 55920, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 55920 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for 55920, MN
How long does it take to sell a home in 55920, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 41 Days | -30.1% |
Summary: Homes in 55920 had an average of 41 days on market in Oct 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55920 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 55920; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
