$5,047 Closing Credit*
$425,000
3,000 SqFt
4 Beds
•2 Full Baths
Listing Office: Keller Williams Premier Realty
Is 55924, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55924 has remained a Seller's Market.
Key Takeaway
55924 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55924, MN
How much do homes in 55924, MN cost?
Median Sold Price
$235,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$39,950(-14.5%)
Key Takeaway
Homes in 55924 have sold for 14.5% less than they did a year ago.
Summary: The median home sold price in 55924 was $235,000 in October 2024, down 14.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $140K | -30.0% |
| 3 Bedrooms | $299.9K | $202.5K | -32.5% |
| 4 Bedrooms | $186.8K | $323.5K | +73.2% |
| 5+ Bedrooms | $387.4K | $360K | -7.1% |
Summary: 55924 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 30%, 3 bedroom homes decreased by 32.5%, 4 bedroom homes increased by 73.2%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Zip Codes
| 55927 | $235K | $260K | +10.6% |
| 55917 | $191K | $210K | +9.9% |
| 55060 | $270K | $281K | +4.1% |
| 55985 | $199.2K | $191K | -4.1% |
| 55924 | $274.9K | $235K | -14.5% |
Housing Supply in 55924, MN
How many homes are available in 55924, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The 55924 real estate market had 5 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55924 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55924, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 55924 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55924, MN
How long does it take to sell a home in 55924, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 44 Days | -31.3% |
Summary: Homes in 55924 had an average of 44 days on market in Oct 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55924 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 55924; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
