$1,758 Closing Credit*
$148,000
1,290 SqFt
3 Beds
•1 Full Bath
Listing Office: BEX Realty, LLC
Is 55985, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 55985 was a Neutral Market.
Key Takeaway
55985 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 55985, MN
How much do homes in 55985, MN cost?
Median Sold Price
$211,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,500(+14.3%)
Key Takeaway
Homes in 55985 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 55985 was $211,500 in November 2024, up 14.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | - | N/A |
| 2 Bedrooms | $135K | $145K | +7.4% |
| 3 Bedrooms | $230K | $265.5K | +15.4% |
| 4 Bedrooms | $257.4K | $315.1K | +22.4% |
| 5+ Bedrooms | $810K | $325K | -59.9% |
Summary: 55985 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 increased by 7.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 59.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55946 | $212K | $259.5K | +22.4% |
| 55985 | $185K | $211.5K | +14.3% |
Housing Supply in 55985, MN
How many homes are available in 55985, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The 55985 real estate market had 9 homes for sale in November 2024, a 10.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55985 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 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 55985, 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 55985 in November 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 55985, MN
How long does it take to sell a home in 55985, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 10 Days | +900.0% |
Summary: Homes in 55985 had an average of 10 days on market in Nov 2024, up by 900% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55985 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 55985; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
