$6,530 Closing Credit*
$549,900
4,244 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: Trust Realty
Is 55946, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55946 was a Seller's Market.
Key Takeaway
55946 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55946, MN
How much do homes in 55946, MN cost?
Median Sold Price
$259,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+22.4%)
Key Takeaway
Homes in 55946 have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in 55946 was $259,500 in November 2024, up 22.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | - | N/A |
| 2 Bedrooms | $246.4K | $260K | +5.5% |
| 3 Bedrooms | $185.5K | $267.5K | +44.2% |
| 4 Bedrooms | $199.4K | $262.4K | +31.6% |
| 5+ Bedrooms | $470K | $150K | -68.1% |
Summary: 55946 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 5.5%, 3 bedroom homes increased by 44.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 68.1%.
Median Sold Price Compared To Nearby Zip Codes
| 55946 | $212K | $259.5K | +22.4% |
| 55985 | $185K | $211.5K | +14.3% |
Housing Supply in 55946, MN
How many homes are available in 55946, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The 55946 real estate market had 18 homes for sale in November 2024, a 20.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 55946 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 55946, 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 55946 in November 2024, up by 50.0% 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 55946, MN
How long does it take to sell a home in 55946, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 31 Days | +248.1% |
Summary: Homes in 55946 had an average of 31 days on market in Nov 2024, up by 248.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55946 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 55946; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
