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 5 Days Ago

Newest Listings in 55965, MN

Nearby Markets to 55965, MN