$2,968 Closing Credit*
$249,900
2 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is 55947, 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, 55947 was a Seller's Market.
Key Takeaway
55947 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55947, MN
How much do homes in 55947, MN cost?
Median Sold Price
$350,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+9.4%)
Key Takeaway
Homes in 55947 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 55947 was $350,000 in November 2024, up 9.4% 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 | - | - | N/A |
| 2 Bedrooms | $175K | $237.7K | +35.9% |
| 3 Bedrooms | $300K | $325K | +8.3% |
| 4 Bedrooms | $396.5K | $429.9K | +8.4% |
| 5+ Bedrooms | $569K | $475K | -16.5% |
Summary: 55947 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 35.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 55947, MN
How many homes are available in 55947, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The 55947 real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 55947 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 increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
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 55947, 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 55947 in November 2024, down by 75.0% 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 55947, MN
We’re sorry, we don't have information for this market at the moment
