$3,266 Closing Credit*
$275,000
2,816 SqFt
3 Beds
•1 Full Bath
Listing Office: Counselor Realty of Rochester
Is 55944, 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, 55944 has remained a Seller's Market.
Key Takeaway
55944 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55944, MN
How much do homes in 55944, MN cost?
Median Sold Price
$319,450
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,500(+6.5%)
Key Takeaway
Homes in 55944 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 55944 was $319,450 in October 2024, up 6.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | - | N/A |
| 2 Bedrooms | $294.9K | $295K | 0.0% |
| 3 Bedrooms | $252.4K | $275K | +8.9% |
| 4 Bedrooms | $317.9K | $339.9K | +6.9% |
| 5+ Bedrooms | $397.2K | $375K | -5.6% |
Summary: 55944 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 did not change, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Zip Codes
| 55927 | $235K | $260K | +10.6% |
| 55944 | $299.9K | $319.4K | +6.5% |
| 55920 | $353K | $375K | +6.2% |
Housing Supply in 55944, MN
How many homes are available in 55944, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Summary: The 55944 real estate market had 43 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 55944 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 11.1%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55944, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 55944 in October 2024, up by 85.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 54% were sold at asking, and 8% were sold over asking.
Days on Market for 55944, MN
How long does it take to sell a home in 55944, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 46 Days | +212.3% |
Summary: Homes in 55944 had an average of 46 days on market in Oct 2024, up by 212.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55944 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 55944; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
