$5,878 Closing Credit*
$495,000
2,856 SqFt
4 Beds
•2 Full Baths
Listing Office: Real Broker, LLC.
Is 55983, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 55983 has remained a Buyer's Market.
Key Takeaway
55983 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55983, MN
How much do homes in 55983, MN cost?
Median Sold Price
$278,450
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,450(+17.0%)
Key Takeaway
Homes in 55983 have sold for 17% more than they did a year ago.
Summary: The median home sold price in 55983 was $278,450 in October 2024, up 17% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $262K | $235.5K | -10.1% |
| 3 Bedrooms | $224K | $280K | +25.0% |
| 4 Bedrooms | $299.9K | $352.5K | +17.5% |
| 5+ Bedrooms | $425K | $228K | -46.4% |
Summary: 55983 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 46.4%.
Median Sold Price Compared To Nearby Zip Codes
| 55027 | $291.9K | $368.9K | +26.4% |
| 55963 | $345.2K | $404.9K | +17.3% |
| 55983 | $238K | $278.4K | +17.0% |
| 55992 | $277K | $299.9K | +8.3% |
Housing Supply in 55983, MN
How many homes are available in 55983, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The 55983 real estate market had 10 homes for sale in October 2024, a 16.7% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 55983 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55983, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 55983 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 55983, MN
How long does it take to sell a home in 55983, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 85 Days | +102.4% |
Summary: Homes in 55983 had an average of 85 days on market in Oct 2024, up by 102.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 55983 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 55983; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
