$1,009 Closing Credit*
$85,000
1,568 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 December 2023
At the same time last year, 55976 was a Neutral 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
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$23,550(+8.6%)
Key Takeaway
Homes in 55976 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 55976 was $298,450 in December 2024, up 8.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $261.5K | $246.2K | -5.8% |
| 3 Bedrooms | $256.2K | $245.7K | -4.1% |
| 4 Bedrooms | $280K | $309K | +10.4% |
| 5+ Bedrooms | $385K | $362K | -6.0% |
Summary: 55976 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 5.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 6%.
Housing Supply in 55976, MN
How many homes are available in 55976, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The 55976 real estate market had 31 homes for sale in December 2024, a 8.8% 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 | 11 | 8 | -27.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 55976 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 decreased by 27.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55976, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 55976 in December 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 66 Days | 41 Days | -38.2% |
Summary: Homes in 55976 had an average of 41 days on market in Dec 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55976 has remained consistent over time.
Summary: During December 2024, 10 homes were sold in 55976; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
