$1,128 Closing Credit*
$95,000
1,512 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is 55976, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55976 has remained a Seller's Market.
Key Takeaway
55976 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55976, MN
How much do homes in 55976, MN cost?
Median Sold Price
$298,450
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,500(+10.6%)
Key Takeaway
Homes in 55976 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 55976 was $298,450 in November 2024, up 10.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $258.6K | $246.2K | -4.8% |
| 3 Bedrooms | $243.7K | $266K | +9.1% |
| 4 Bedrooms | $285K | $307K | +7.7% |
| 5+ Bedrooms | $409.9K | $385K | -6.1% |
Summary: 55976 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 55976, MN
How many homes are available in 55976, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 35 | -12.5% |
Summary: The 55976 real estate market had 35 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 55976 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 21.4%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55976, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 55976 in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 55976, MN
How long does it take to sell a home in 55976, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 41 Days | +16.9% |
Summary: Homes in 55976 had an average of 41 days on market in Nov 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 55976 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 55976; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
