$1,781 Closing Credit*
$150,000
3,231 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Realty
Is 55971, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 55971 has remained a Seller's Market.
Key Takeaway
55971 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55971, MN
How much do homes in 55971, MN cost?
Median Sold Price
$284,750
$123/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$72,300(+34.0%)
Key Takeaway
Homes in 55971 have sold for 34% more than they did a month ago.
Summary: The median home sold price in 55971 was $284,750 in November 2024, up 34% from last month, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.9K | - | N/A |
| 3 Bedrooms | $180K | $320K | +77.8% |
| 4 Bedrooms | $240K | $249.5K | +4.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: 55971 housing prices by bedroom type for November 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 increased by 77.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.
Housing Supply in 55971, MN
How many homes are available in 55971, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The 55971 real estate market had 8 homes for sale in November 2024, a 27.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55971 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 decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 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 55971, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 55971 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55971, MN
How long does it take to sell a home in 55971, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 51 Days | -31.8% |
Summary: Homes in 55971 had an average of 51 days on market in Nov 2024, down by 31.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55971 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 55971; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
