$2,256 Closing Credit*
$190,000
1,808 SqFt
4 Beds
•1 Full Bath
Listing Office: Keller Williams Premier Realty
Is 55945, 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, 55945 has remained a Seller's Market.
Key Takeaway
55945 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55945, MN
How much do homes in 55945, MN cost?
Median Sold Price
$185,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$47,000(-20.3%)
Key Takeaway
Homes in 55945 have sold for 20.3% less than they did a year ago.
Summary: The median home sold price in 55945 was $185,000 in October 2024, down 20.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $123.5K | -27.4% |
| 3 Bedrooms | - | $175K | N/A |
| 4 Bedrooms | $239.9K | $195K | -18.7% |
| 5+ Bedrooms | $232K | $740K | +219.0% |
Summary: 55945 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 27.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes increased by 219%.
Median Sold Price Compared To Nearby Zip Codes
| 55981 | $253.4K | $268.9K | +6.1% |
| 55964 | $252K | $257.5K | +2.2% |
| 55945 | $232K | $185K | -20.3% |
Housing Supply in 55945, MN
How many homes are available in 55945, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The 55945 real estate market had 4 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55945 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55945, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55945 in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 55945, MN
How long does it take to sell a home in 55945, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 73 Days | +37.1% |
Summary: Homes in 55945 had an average of 73 days on market in Oct 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 55945 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in 55945; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
