$3,443 Closing Credit*
$289,900
1,232 SqFt
3 Beds
•1 Full Bath
Listing Office: Ben Olsen Realty LLC
Is 55992, 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, 55992 has remained a Seller's Market.
Key Takeaway
55992 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55992, MN
How much do homes in 55992, MN cost?
Median Sold Price
$299,950
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,950(+8.3%)
Key Takeaway
Homes in 55992 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 55992 was $299,950 in October 2024, up 8.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $502K | - | N/A |
| 2 Bedrooms | $246.4K | $297.5K | +20.7% |
| 3 Bedrooms | $265K | $269.4K | +1.7% |
| 4 Bedrooms | $312.4K | $349.7K | +11.9% |
| 5+ Bedrooms | $459.9K | $443.8K | -3.5% |
Summary: 55992 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 20.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 3.5%.
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% |
| 55956 | $385K | $334.4K | -13.1% |
Housing Supply in 55992, MN
How many homes are available in 55992, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The 55992 real estate market had 24 homes for sale in October 2024, a 17.2% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 55992 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55992, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 55992 in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 55992, MN
How long does it take to sell a home in 55992, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 60 Days | -6.4% |
Summary: Homes in 55992 had an average of 60 days on market in Oct 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55992 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 55992; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
