Housing Prices in 55940, MN

How much do homes in 55940, MN cost?

Median List Price

$269,900

$155/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$7,500(+2.9%)

Key Takeaway

The list price of homes in 55940 has increased by 2.9% since last year.

Summary: The median home list price in 55940 was $269,900 in November 2024, up 2.9% from the previous year, and the median price per square foot was $155.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $139.9K$199.9K
+42.9%
3 $219.9K$259.9K
+18.2%
4 $359.9K$344.9K
-4.2%
5+ $484.9K$587.5K
+21.2%

Summary: 55940 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 21.2%.

Median List Price Compared To Nearby Zip Codes

55944
+6.6%
55920
+3.0%
55940
+2.9%

Housing Supply in 55940, MN

How many homes are available in 55940, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
810+25.0%

Summary: The 55940 real estate market had 10 homes for sale in November 2024, a 25.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 45
+25.0%
5+ 11
0.0%

Summary: The 55940 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 increased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Days on Market for 55940, MN

How long does it take to sell a home in 55940, MN?

Average Listing Age

Nov 2023Nov 2024CHANGE
138 Days89 Days-35.6%

Summary: Homes in 55940 had an average listing age of 89 days in Nov 2024, down by 35.6% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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Newest Listings in 55940, MN

Nearby Markets to 55940, MN

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 12/01/2022 - 12/01/2024

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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