$2,374 Closing Credit*
$199,900
858 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Premier Realty
Is 55964, 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, 55964 has remained a Seller's Market.
Key Takeaway
55964 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55964, MN
How much do homes in 55964, MN cost?
Median Sold Price
$257,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,500(+2.2%)
Key Takeaway
Homes in 55964 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 55964 was $257,500 in October 2024, up 2.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240.7K | $198.5K | -17.5% |
| 3 Bedrooms | $230K | $265K | +15.2% |
| 4 Bedrooms | $285K | $266.2K | -6.6% |
| 5+ Bedrooms | $388K | $343.7K | -11.4% |
Summary: 55964 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 17.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Zip Codes
| 55964 | $252K | $257.5K | +2.2% |
| 55945 | $232K | $185K | -20.3% |
Housing Supply in 55964, MN
How many homes are available in 55964, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The 55964 real estate market had 10 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55964 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55964, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55964 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55964, MN
How long does it take to sell a home in 55964, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 37 Days | -23.2% |
Summary: Homes in 55964 had an average of 37 days on market in Oct 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55964 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 55964; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
