$3,443 Closing Credit*
$289,900
2,103 SqFt
3 Beds
•1 Full Bath
Listing Office: Elcor Realty of Rochester Inc.
Is 55923, 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, 55923 has remained a Seller's Market.
Key Takeaway
55923 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55923, MN
How much do homes in 55923, MN cost?
Median Sold Price
$267,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,000(+6.8%)
Key Takeaway
Homes in 55923 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 55923 was $267,000 in November 2024, up 6.8% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $99.9K | -12.4% |
| 2 Bedrooms | $170K | $212K | +24.7% |
| 3 Bedrooms | $275.9K | $269.9K | -2.2% |
| 4 Bedrooms | $260K | $277.9K | +6.9% |
| 5+ Bedrooms | $476.2K | $527.5K | +10.8% |
Summary: 55923 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes increased by 24.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 10.8%.
Housing Supply in 55923, MN
How many homes are available in 55923, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The 55923 real estate market had 16 homes for sale in November 2024, a 5.9% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55923 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 decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
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 55923, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 55923 in November 2024, up by 400.0% 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 55923, MN
How long does it take to sell a home in 55923, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 69 Days | +225.6% |
Summary: Homes in 55923 had an average of 69 days on market in Nov 2024, up by 225.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55923 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 55923; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
