$333 Closing Credit*
$28,000
1,280 SqFt
2 Beds
•2 Full Baths
Listing Office: Jewson Realty
Is 55981, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55981 was a Buyer's Market.
Key Takeaway
55981 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55981, MN
How much do homes in 55981, MN cost?
Median Sold Price
$268,900
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,450(+6.1%)
Key Takeaway
Homes in 55981 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 55981 was $268,900 in October 2024, up 6.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227K | $226K | -0.4% |
| 2 Bedrooms | $258.4K | $235K | -9.1% |
| 3 Bedrooms | $245K | $278.7K | +13.8% |
| 4 Bedrooms | $337.5K | $292.5K | -13.3% |
| 5+ Bedrooms | - | $352.5K | N/A |
Summary: 55981 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 55981 | $253.4K | $268.9K | +6.1% |
| 55945 | $232K | $185K | -20.3% |
Housing Supply in 55981, MN
How many homes are available in 55981, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The 55981 real estate market had 16 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 55981 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 decreased by 20%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 55981, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 55981 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 55981, MN
How long does it take to sell a home in 55981, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 43 Days | +1142.9% |
Summary: Homes in 55981 had an average of 43 days on market in Oct 2024, up by 1142.9% compared to last year.
Breakdown of Home Sale Times
2 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 55981 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 55981; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
