$2,255 Closing Credit*
$189,900
973 SqFt
2 Beds
•1 Full Bath
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 December 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
$249,250
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$11,500(-4.4%)
Key Takeaway
Homes in 55964 have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in 55964 was $249,250 in December 2024, down 4.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $241.2K | $191K | -20.8% |
| 3 Bedrooms | $230K | $265K | +15.2% |
| 4 Bedrooms | $270K | $276.4K | +2.4% |
| 5+ Bedrooms | $388K | $343.7K | -11.4% |
Summary: 55964 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 11.4%.
Housing Supply in 55964, MN
How many homes are available in 55964, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The 55964 real estate market had 9 homes for sale in December 2024, a 18.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55964 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55964, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 55964 in December 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 3 Days | -84.3% |
Summary: Homes in 55964 had an average of 3 days on market in Dec 2024, down by 84.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55964 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in 55964; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
