$1,781 Closing Credit*
$150,000
1,218 SqFt
2 Beds
•1 Full Bath
Listing Office: Re/Max Advantage Plus
Is 55985, 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, 55985 has remained a Seller's Market.
Key Takeaway
55985 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55985, MN
How much do homes in 55985, MN cost?
Median Sold Price
$191,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,250(-4.1%)
Key Takeaway
Homes in 55985 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 55985 was $191,000 in October 2024, down 4.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | - | N/A |
| 2 Bedrooms | $138.9K | $142.5K | +2.6% |
| 3 Bedrooms | $209.2K | $265.5K | +26.9% |
| 4 Bedrooms | $259.9K | $268.3K | +3.2% |
| 5+ Bedrooms | $705.5K | $325K | -53.9% |
Summary: 55985 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 increased by 2.6%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 53.9%.
Median Sold Price Compared To Nearby Zip Codes
| 55983 | $238K | $278.4K | +17.0% |
| 55927 | $235K | $260K | +10.6% |
| 55985 | $199.2K | $191K | -4.1% |
Housing Supply in 55985, MN
How many homes are available in 55985, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Summary: The 55985 real estate market had 10 homes for sale in October 2024, a 66.7% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 0 | 2 | +100.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55985 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 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 55985, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55985 in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | +1.4% |
Summary: Homes in 55985 had an average of 24 days on market in Oct 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 3 homes were sold in 55985; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
