Is 55965, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 55965 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 55965 was a Buyer's Market.

Key Takeaway

55965 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 55965, MN

How much do homes in 55965, MN cost?

Median Sold Price

$181,900

$133/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$77,100(-29.8%)

Key Takeaway

Homes in 55965 have sold for 29.8% less than they did a month ago.

Summary: The median home sold price in 55965 was $181,900 in October 2024, down 29.8% from last month, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$130K
N/A
3 -$480K
N/A
4 $259K$181.9K
-29.8%
5+ --
N/A

Summary: 55965 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

55949
-23.2%
55965
-29.8%

Housing Supply in 55965, MN

How many homes are available in 55965, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
12120.0%

Summary: The 55965 real estate market had 12 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 34
+33.3%
4 54
-20.0%
5+ 00
0.0%

Summary: The 55965 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 increased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 55965, 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 55965 in October 2024, up by 200.0% 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 55965, MN

How long does it take to sell a home in 55965, MN?

Average Sale Time

Sep 2024Oct 2024CHANGE
77 Days40 Days-47.2%

Summary: Homes in 55965 had an average of 40 days on market in Oct 2024, down by 47.2% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 55965 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 55965; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 55965, MN

Nearby Markets to 55965, MN